The post What’s Happening with Crypto Today? appeared first on Coinpedia Fintech News
The cryptocurrency market is navigating turbulent waters today, with the global market cap dipping by 5.97% to $3.17 trillion. Despite the decline, trading volume surged 24.17% to $252.59 billion, signaling heightened market activity. The Fear & Greed Index remains at 80, suggesting extreme greed amidst this pullback.
Market Trends and Liquidations
The Altcoin Season Index stands at 41, signaling that a full-fledged altseason is still distant. Meanwhile, over $489 million in liquidations affected more than 186,000 traders, with memecoins bearing the brunt, followed by Bitcoin and altcoins.
Despite the recent downturn, strong institutional support and growing adoption metrics suggest a resilient outlook for the crypto market.
Bitcoin Holds Strong Amid Market Volatility
Bitcoin continues to dominate with a market share of 57.9%, even as its price fell by 5.96% to $92,298.35 over the
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