Market Update | 17th May 2025 | 10:34 UTC (15:34 PKT)
The crypto market has seen further decline today. The Fear & Greed Index remains steady at 74, indicating sustained investor confidence. Bitcoin's dominance has increased to 63.47%, up 0.20%, showing investors are favoring Bitcoin. The total market capitalization stands at $3.22 trillion, down 0.63%, with altcoins at $1.18 trillion, a 0.97% decrease.
24 Hour Price Changes:
Bitcoin: $103,009 (0.76% decrease)
Ethereum: $2,485 (5.21% decrease)
Solana: $167.71 (2.87% decrease)
BNB: $642.23 (2.05% decrease)
XRP: $2.37 (2.17% decrease)
Dogecoin: $0.22 (5.17% decrease)
The market correction continues, with Bitcoin showing relative stability compared to other coins. Ethereum and Dogecoin are leading the decline. If you're invested, maintaining patience would be advisable during this correction phase.
Key Observations:
1. Bitcoin remains more stable than altcoins
2. Ethereum and Dogecoin seeing largest declines
3. Market correction appears healthy after recent gains
4. High Fear & Greed score suggests caution is warranted
5. Altcoins generally underperforming Bitcoin in current market conditions
#MarketMeltdown #Market_Update #waqarzaka #MastercardStablecoinCards #BinancePizza
