The crypto market took a hit today, with the total market cap dropping 2.89% to $3.13 trillion. Despite the downturn, trading activity remained high, as intraday volume surged 8.71% to $105.22 billion.
While the bearish sentiment is evident, the Fear & Greed Index remains at 35, suggesting that investors are cautious but not in extreme fear.
Bitcoin Holds $95K Despite Whale Short Positions
Bitcoin (BTC) is hovering around $95K, despite a 2.57% decline in the last 24 hours.
🔹 Whales have increased short positions, signaling caution among large investors
🔹 BTC dominance remains at 60.43%, underscoring its influence over the broader market
🔹 Market sentiment remains uncertain, with traders closely watching support and resistance levels
Ethereum and Solana Face Heavy Losses
The altcoin market mirrored Bitcoin’s downturn, with major assets posting losses:
📉 Ethereum (ETH) dropped 3.75%, now trading at $2,604.56
📉 Solana (SOL) fell 4.38% to $195.51
📉 XRP lost 3.48%, now priced at $2.41
As market volatility continues, traders are adjusting their strategies to navigate the uncertainty.
Top Gainers and Losers in Today’s Crypto Market
Despite the broader market decline, some cryptos managed to post gains:
✅ FTX Token (FTT) surged 5.11% to $2.07
✅ Sonic (SONIC) rose 2.96%
✅ Monero (XMR) climbed 1.76%
However, the biggest losers included:
❌ ENA plunged 11.58% to $0.4356
❌ CRV and TIA posted double-digit losses
With the market facing turbulence, traders remain cautious, looking for stability amid shifting trends.
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