The crypto market has continued to remain in a stable state, as prices trade sideways with minimal gains and losses over the last 24 hours, even with an increased amount of trading activity in the market due to economic events.
For instance, Bitcoin price has recovered back to $118 level after dipping briefly to $115 the previous day amid the release of the ADP Non-farm payroll data. At the time, Bitcoin dropped from $118,771 to $115,798 before surging back up.
As of the time of writing this report, Bitcoin is trading for $118,304, which is just a 0.51% increase from the previous day, according to CoinMarketCap. Moreover, trading activity is modest, with a 6.65% increase recorded in the last 24 hours. This is about $68.8 billion in trading volume, with $2.35 trillion in Market cap.
Ethereum, on the other hand, has lost some of its gains from the previous day. This is just negative 0.2% but now it’s down below its $3800 mark, which it has held for the past few days. Currently, ETH is trading $3,774.
Just like Bitcoin, the price action is ranging sideways, trading between $3,716 and $3,832. But today, trading activity is up by 8%, leading to about $34.65 billion in trading volume and $456.86 billion in market cap.
Meanwhile, Ethena has added about a 15% gain today. Currently, the altcoin is trading for $0.6277 after starting the day from $0.576, but surged during the London session thanks to a 78% increase in trading activity in the last 24 hours, based on data from CoinMarketCap.
Trending Cryptos Today
- Pump.fun (PUMP)
- RAPI (RAPI)
- Hedera (HBAR)
- Nasdaq666 (NDQ)
- Sonic (S)
Top Gainers & Losers Today
| Gainer | Losers |
| Pump.fun (PUMP): +15.27% | Fartcoin (FARTCOIN): -5.35% |
| Sonic (S): +9.73% | SPX6900 (SPX): -4.64% |
| Ethena (ENA): +9.61% | Uniswap (UNI): -4.54% |
| Story (IP): 8.94% | Tezos (XTZ): – $3.88% |
Crypto Marketcap Overview
The overall crypto valuation is at $3.86 trillion, with $168.78 billion in trading volume. This is a 5.62% increase in the last 24 hours, according to CoinMarketCap. In addition, the Altcoin Market Index is now at 36 to 100%, which means that investors have started to shift their attention back to Bitcoin.
Meanwhile, 119,148 traders have lost their funds in the trading market in the last 24 hours. According to Coinglass, the total amount liquidated is around $384 million. $384million of that was from traders who bet on long positions, while $86..35 million came from short positions. And the majority of the bets were on Bitcoin.
Also Read: 5 Dormant Bitcoin Mining Wallets Move $30M in BTC After 15 Years
