After recording a bearish price action for a brief period amid the ongoing tensions among the middle-east countries, the cryptocurrency market has witnessed a significant bounce back over the last 48 hours. This has resulted in it reclaiming a market valuation of $3.29 trillion.
Adding to this, in the past 24 hours, a total of 81815 traders were liquidated from the crypto market. This brings the total liquidations to $215.11 million. Moreover, the largest single liquidation order was recorded on the Binance pair (BTCUSDC) that was valued at $2.65 million.
Dropping below its $100,000, the Bitcoin price made a strong bullish comeback since then. Notably, the BTC price is currently exchanging hands at $107,313 with an intraday trading volume of $50.39 billion. With this, the dominance of the largest crypto token has increased 65.0468% with a valuation of $2.13 trillion.
After yesterday’s bounce, other major cryptocurrencies such as Ethereum (ETH), Ripple’s XRP, Solana (SOL) and Dogecoin (DOGE) have lost their momentum.
Today all the Altcoins have begun a consolidated phase and are having corrections. ETH is down by 1.5% meanwhile, XRP and Solana prices have witnessed a similar action by recording a variation of >1% during this period. Also, the memecoin market has experienced a negative action after kickstarting the week on a bullish note.
Over the past 24 hours, the crypto market has displayed a slightly positive action as per latest readings of CoinMarketCap. With this, the valuation of the global cryptocurrency market has increased to $3.29 trillion with an intraday trading volume of $106.67 billion, a significant change of -26.76% during this period.
Additionally, the Fear & Greed index is valued at 48 (neutral), highlighting stable price situations in the market. Moreover, the altcoin season index is now at 17, however, this still suggests a strong Bitcoin season-like situation in the crypto-verse.
