The cryptocurrency market is currently in difficulty, the majority of the first 10 altcoins by seeing major drops. While Bitcoin (BTC) has shown a certain resilience, many altcoins are in red, leading to a general feeling of uncertainty among investors.
Bitcoin, the market leader, is at a price of $ 99,780, showing a slight gain of 2.59% in the last 24 hours, but still does not feel the expected optimistic overvoltage. Ethereum (ETH), at $ 3,104, experienced a decrease of 5.93% in the last 24 hours, signaling wider weakness on the Altcoin market.
XRP ($ 2.85) also faced a drop, despite an initial rally, down 6.47% in the last 24 hours. Similarly, Solana (soil) had an approximate patch, with a decrease of 9.57% in the last 24 hours and a decrease of 18.75% in last week. Binance Coin (BNB) followed the downward trend, seeing a decrease of 3.45%.
TETHER (USDT) and USD Coin (USDC), the main stablecoins, remained stable at $ 1.00, but they do not benefit from market volatility. Other altcoins such as Dogecoin (Doge), Cardano (ADA) and Tron (TRX) also had trouble, showing minimal to moderate decreases in the past 24 hours.
The total market capitalization of cryptocurrencies is currently at 3.38 billions of dollars, but the wider feeling of the market remains low. With the domination of Bitcoin at 58.55%, many are waiting for the market to find a direction, because investors are cautious in the face of continuous slowdown. The index of fear and greed is 54 years old, referring to a neutral position in the middle of uncertainty.
