After recording a bearish price action for a brief period amid the ongoing tensions among the middle-east countries, the cryptocurrency market has witnessed a significant bounce back over the last 48 hours. This has resulted in it reclaiming a market valuation of $3.29 trillion.
Adding to this, in the past 24 hours, a total of 81815 traders were liquidated from the crypto market. This brings the total liquidations to $215.11 million. Moreover, the largest single liquidation order was recorded on the Binance pair (BTCUSDC) that was valued at $2.65 million.
Bitcoin Price Retests $107,000 Today
Dropping below its $100,000, the Bitcoin price made a strong bullish comeback since then. Notably, the BTC price is currently exchanging hands at $107,313 with an intraday trading volume of $50.39 billion. With this, the dominance of the largest crypto token has increased 65.0468% with a valuation of $2.13 trillion.
Bitcoin Price Chart, Source: CoinMarketCap Top Altcoins Record Consolidated Action
After yesterday’s bounce, other major cryptocurrencies such as Ethereum (ETH), Ripple’s XRP, Solana (SOL) and Dogecoin (DOGE) have lost their momentum.
Today all the Altcoins have begun a consolidated phase and are having corrections. ETH is down by 1.5% meanwhile, XRP and Solana prices have witnessed a similar action by recording a variation of >1% during this period. Also, the memecoin market has experienced a negative action after kickstarting the week on a bullish note.
Trending Cryptos Today
- Pi (PI)
- CryBaby (CRYBB)
- Banana For Scale (BANANAS31)
- Maple Finance (SYRUP)
- HashKey Platform Token (HSK)
Top Gainers & Losers Today
| Gainers | Losers |
| Pi (PI): +14.96% | Virtuals Protocol (VIRTUAL): -10.31% |
| DeXe (DEXE): +8.34% | Sonic (S): -9.26% |
| Maple Finance (SYRUP): +7.63% | Dogwifhat (WIF): -7.76% |
Crypto Market Cap Overview
Over the past 24 hours, the crypto market has displayed a slightly positive action as per latest readings of CoinMarketCap. With this, the valuation of the global cryptocurrency market has increased to $3.29 trillion with an intraday trading volume of $106.67 billion, a significant change of -26.76% during this period.
Additionally, the Fear & Greed index is valued at 48 (neutral), highlighting stable price situations in the market. Moreover, the altcoin season index is now at 17, however, this still suggests a strong Bitcoin season-like situation in the crypto-verse.
