The price of Bitcoin is currently struggling to break above the psychological mark of $100,000 with it dropping below $96,000 today as ETFs sees $140 million of net outflow.
While the crypto market is experiencing a cooled down sentiment, leading altcoins were bleeding with trading significantly down from daily highs. ENA, XCN, TAO, SUI, HYPE and other mid-cap cryptocurrencies are down 10% in the past 24 hours. Major altcoins like SOL, ADA, LINK, AVAX are also seeing notable price decreases.
One of the major headlines today was Ondo Finance’s announcement of launching its own blockchain for real-world asset (RWA) tokenization.
Despite significant attention from TradFi and a wave of new investors, the crypto market has witnessed huge selling pressure this week.
Data from CryptoQuant shows that more people are selling their crypto assets and realizing profit at this point. If this market sentiment continues, analysts are expecting a further downtrend in the coming days.
Trending Crypto Today
- BERA (BeraChain)
- ONDO (Ondo Finance)
- AVT (Aventus)
- QTUM (Qtum)
- FLR (Flare)
Top Daily Gainers
- XYO (XYO Network): +25%
- STP (STPT): +15%
- USUAL (Usual Protocol) +4%
The broader crypto market currently sits at $3.15 trillion, down 2.26% compared to the past 24 hours. As per Coinmarketcap data , the 24 hour total trading volume for the crypto market today stands at $125.3 billion.
