Bitcoin Remains Below $95,000 as Altcoins Struggle

The cryptocurrency market is stable after recent ups and downs, with the total market capitalization standing at $3.3 trillion. However, trading activity declined slightly, with intraday trading volume falling 1.66 percent to $124.18 billion. Despite this, market sentiment remains neutral, as indicated by the Fear & Greed Index at 51.

Bitcoin struggles below $95,000

Bitcoin, the largest cryptocurrency, saw a 2.11% decline over the past 24 hours, settling at $94,290. Interestingly, trading volumes for Bitcoin increased by 5.19% to $48.39 billion, showing increased trading activity during the price decline.

Reports from Farside revealed that Bitcoin ETFs saw significant outflows of $287 million on Friday. Fidelity led the outflows with $208 million, followed by Ark & 21Shares with $112 million and Bitwise Bitcoin ETF with $36 million.

Altcoins show mixed results

Altcoins had a mixed day, with Ethereum holding steady at $3,335 after a slight decline, with a market cap of $401 billion. While Ethereum ETFs faced inflows of $47.7 million, Fidelity and BlackRock reported inflows of $27 and $20 million, respectively.

Perhaps Solana, XRP, and TON have struggled, each seeing a decline of around 2% over the past day.

Top winners and losers

Among the top performers, Bitget Token (BGB) surged 13.68%, hitting $8.19, after Bitget announced plans to burn $800 million in tokens. Virtual Protocol and PEPE tokens also saw gains of 10.9% and 4%, respectively.

On the other hand, Zcash (ZEC) recorded the largest loss, falling 10.6% to $61.13. Curve DAO Token and Helium followed with losses of 9.46% and 8.8%.

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