The crypto market has erased over US $1.2 trillion in the last six weeks as Bitcoin fell below US $87K, triggering one of the sharpest market corrections of the year. Sentiment is deeply bearish as traders exit risky assets amid macro uncertainty and delayed rate-cut expectations. Most altcoins are heavily down, though long-term BTC holders remain steady, hinting at possible stabilization once liquidity pressure eases.
The crypto market today shows a mixed trend. *Bitcoin (BTC)* is trading around $82,163.51, with an increase of 1.7% in the last hour and 10.2% in the last 24 hours. *Ethereum (ETH)*, on the other hand, is at $2,679.19, with an increase of 1.8% in the last hour and 10.7% in the last 24 hours
*Top 5 Cryptocurrencies by Market Capitalization:*
- The total trading volume of cryptocurrencies in the last day is $261 billion. - Bitcoin's dominance is 56.4%, while Ethereum's dominance is 11.1%
It is important to note that the crypto market is highly volatile, so it is essential to stay informed and do research before making investment decisions.
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.. Go to Binance Square to answer questions and enjoy the opportunity to participate in XRP from digital currency funds https://app.binance.com/uni-qr/GoRAJyxm?utm_medium=web_share_copy