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The bulls have taken a back seat today in the crypto market. Bitcoin and major Altcoins are all trading on the red lines today. The Fear And Greed Index is significantly down from yesterday and now stands at 35/100 on the fear zone.
Bitcoin’s (BTC) price, is quite bearish today and is still below the $30,000 threshold at $26,078.28, and down by around 4.28% in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border.
Ethereum is trading at $1,652.33, with almost 3% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 3.28%. Solana also faced losses, with its price decreasing by 3.86%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 4.54% since the last day. Polkadot coin price saw a decrease of almost 4.67% in one day.
The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 2.41%, while Shiba Inu’s token price is down by almost 4.37%, in the last 24 hours.
The crypto market today is primarily bearish with very few exceptions. The global crypto market cap has decreased vividly since yesterday and now stands at $1.05 trillion. The 24-hour crypto market volume is $37.86 billion, with a more than 28.97% increase.
The top 4 cryptos for today are:
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Pepe coin is down by 4.58%
Pepe coin price is facing the bears today after facing gains a few days ago. The price is down by almost 5% since yesterday. It is trading at $0.0000008161, at the time of writing. It holds a global market cap of $319.66 million. The meme coin may now be in danger of suffering even greater losses in the upcoming weeks or months, according to technical analysis.
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MKR crypto token is up by 12.70%
Maker’s MKR token is facing the bulls today. MKR token price is up by more than 12% in the last 24 hours. Its price is trading at $1,169.66, at the time of writing. It holds a global market cap of $1,142,768,359. Holders of MKR are profiting from platform revenues thanks to Maker’s token buyback program, which was launched last month.
Also Read: Bitwise Withdraws BTC & Eth Strategy ETF Application
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DYDX crypto token is up by 7.06%
DYDX is also facing the bulls today. DYDX token price is up by more than 7% in the last 24 hours. Its price is trading at $2.24, at the time of writing. It holds a global market cap of $349,778,468. Technical signs suggest that DYDX may be about to break out.
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STX token is down by 6.37%
Stacks’ STX token is down by more than 6% in the last 24 hours. Its price is trading at $0.496, at the time of writing. It holds a global market cap of $696,419,679. However, soon after Grayscale defeated the SEC on the Bitcoin ETF, stacks increased considerably.
Also Read: The US SEC Delayed All 7 Spot Bitcoin ETF Applications, What’s Next?
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