Mixed dynamics were observed across major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports, citing the CoinMarketCap platform.
The total market capitalization increased by 0.15% to $2.3 trillion.
Bitcoin (BTC), the leading cryptocurrency, rose by 0.63% to $67,234. Over the past 7 days, BTC has gained 1.42% in value. Bitcoin’s market capitalization stood at $1.34 trillion.
The second-largest cryptocurrency, Ethereum (ETH), declined by 1.64% over the past 24 hours to $1,938. Ethereum’s market capitalization amounts to $233.9 billion.
Among other cryptocurrencies, BNB fell by 0.07% to $608, while Zcash (ZEC) declined by 0.47% to $262.
Bitcoin Cash (BCH) increased by 0.22% to $557, while Monero (XMR) rose by 2.12% to $331.
It should be noted that the Fear and Greed Index in the market stands at 12 points, indicating low risk appetite among investors.
Analysts state that the current dynamics are mainly related to expectations regarding monetary policy in the United States, the strengthening of the dollar index, as well as the continued outflows from spot Bitcoin ETFs. At the same time, risk-off sentiment in global markets is putting pressure on crypto assets.
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