The crypto markets are starting to show some early warning signs. While there’s been a noticeable increase in trading activity, prices are beginning to slide, ETF outflows are gaining momentum, and the mood among investors is shifting.
As of now, the global crypto market cap sits at $3.74 trillion, reflecting a 0.63% decline in just 24 hours according to CoinMarketCap. On a positive note, trading volume has surged by 24.32%, hitting $145.35 billion.
The volume of stablecoins took the lion’s share at $141.09 billion in the whole market, amounting to 97.07%. DeFi followed with $36.37 billion, then Bitcoin’s dominance slipped by 0.20% to 60.78%, probably hinting at increasing altcoin activity.
Major Asset Performance
Bitcoin was the top trending token on CoinMarketCap, priced at $114,110.54. It dropped 1.04% daily and 3.57% weekly, but still gained 4.86% this month.
Ethereum was the second, now it’s trading at $3,630.20, which is a slight dip of 0.42% over the last 24 hours and a 4.70% drop for the week. On a brighter note, it has seen a remarkable 30-day gain of 41.80%, bringing its market cap to $438.2 billion, with a trading volume of $32.8 billion.
Litecoin was the unexpected token, with it coming number three, with a 2.56% daily jump to $122.28, backed by a $1.95 billion volume.
Top Gainers and Most Visited Tokens Stand Out
Among the top gainers, Pumpfun was top trading at 0.003321, having increased by 8%. Mantle (MNT) was the second, having shot up by 15.28%, reaching $0.9064. POL followed with 5.85%, and it also experienced high trading volume, exceeding $202 million.
RWA Inc. pondered a 99.49% growth in 30 days, topping the list. VoluMint shot up by 351.96% this month. RefundYourSOL suffered losses in each contention. In the short run, the Solidus AI Tech looked pretty stable, but it is preparing for some long-term trouble.
Investor sentiment is seen to be neutral, as shown by the Fear and Greed Index, and it has been static at 55. The Altcoin Season Index stands at 42, an indicator of the strong grip Bitcoin has on the market. This is a follow-through after $787.46 million exited the ETF on August 4, which also shows a bit of change in investor sentiment.
Also Read: U.S. Spot Bitcoin and Ethereum ETFs Record $798M in Outflows
