The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion.
Bitcoin Price Drops to $82k Amid Pressure?
The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion.
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