The crypto market observed a strong recovery over the last 24 hours, with Bitcoin and other cryptocurrencies trading in the green. While Bitcoin had fallen below $43,310 earlier today, the OG cryptocurrency has now zoomed past $44,000 levels.
Last week, the US Securities and Exchange Commission (SEC) issued a “Fear of Missing Out” warning to investors amid renewed speculation that spot Bitcoin exchange-traded funds (ETFs) will get the regulator’s nod this week. While the SEC warning briefly caused turbulence in the market, the pessimism was short-lived.
Bitcoin’s price rose 0.5% over the last 24 hours to $44,210, sending its market cap soaring to $865.2 billion. Trading volumes over the last 24 hours jumped over 28% to $21 billion.
However, Ethereum saw a 0.3% decline in its prices over the last 24 hours. As of writing, the ETH price stood at $2,277, with its market cap sliding to $267.8 billion. However, trading volumes surged over 29% to $7.7 billion over the last 24 hours.
Other cryptocurrencies also bled, with BNB price falling over 3%, Solana (SOL) price sliding over 3%, XRP slipping over 1.3%, and Cardano (ADA) plummetting over 4.6%.
Meanwhile, the global crypto market cap fell nearly 0.9% over the last 24 hours to $1.64 trillion. The fear and greed index score stood at 67, indicating investor sentiment was muted.
Pepe’s price plummetted over 10% to $0.000001062 in the past 24 hours, wiping out a significant chunk of its market cap, which shrank to $447.3 million. However, trading volumes over the last 24 hours rose over 26% to %85.1 million.
The Shiba Inu meme coin saw its prices sliding by over 8% to $0.0000088 in the past 24 hours, with its market cap falling to $5.2 billion. Trading volumes over the last 24 hours, however, appreciated over 46% to $170.8 million, indicating growing retail interest in the meme coin.
After a magnificent rally of 14% last week, Lido DAO’s price plunged over 8.5% to $2.85, sending its market cap tumbling to $2.53 billion. Meanwhile, trading volumes over the last 24 hours declined by 16% to $176.4 million, signaling diminishing retail interest in the token.
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