Bitcoin Stuck Below $95k, as Altcoins Struggle
The cryptocurrency market has experienced ups and downs but is generally stable, with a total market value of US$3.3 trillion. However, trading activity fell slightly, with intraday trading volumes falling 1.66% to US$124.18 billion. Nonetheless, market sentiment remains neutral, with the Fear & Greed Index at 51.
Bitcoin struggles below $95,000
Bitcoin, the largest cryptocurrency, fell 2.11% in the past 24 hours to close at $94,290. Interestingly, Bitcoin trading volume increased by 5.19% to $48.39 billion, indicating increased trading activity during the price decline.
Report from Revealed from afar On Friday, the Bitcoin ETF saw a massive outflow of $287 million. Fidelity had the largest outflow with $208 million, followed by Ark & 21Shares with $112 million and the Bitwise Bitcoin ETF with $36 million.
Altcoins have mixed results
Altcoins had a mixed performance on the day, with Ethereum stabilizing at $3,335 after falling slightly, with a market capitalization of $401 billion. although Ethereum ETF faces $47.7 Among them, Fidelity and BlackRock reported inflows of $27 million and $20 million, respectively.
Perhaps Solana, XRP and TON are all underperforming, each down around 2% in the past day.
Biggest winners and losers
in top performerBitget Token (BGB) surged 13.68% to $8.19 after Bitget announced plans to burn $800 million in tokens. Virtual Protocol and PEPE tokens also gained 10.9% and 4% respectively.
On the downside, Zcash (ZEC) was the biggest loser, falling 10.6% to $61.13. Curve DAO Token and Helium followed, falling 9.46% and 8.8% respectively.
