The total crypto trading volume in the past 24 hours has climbed to $160 billion, indicating renewed momentum across major digital assets.
The crypto market is up today, with the global cryptocurrency market capitalization increasing by 3.0% to reach $3.85 trillion, according to CoinMarketCap data. Meanwhile, the total crypto trading volume in the past 24 hours has climbed to $160 billion, indicating renewed momentum across major digital assets.
TLDR:
* The global crypto market cap is up 3.0% to $3.85 trillion;
* 7 of the top 10 coins are in the green;
* BTC rose 0.4% to $110,796, while ETH gained 0.1% to $4,039;
* Analysts say Bitcoin’s slow recovery is due to “good old-fashioned sellers”;
* NoOnes CEO Ray Youssef says Ethereum is in a “cooldown phase”;
* Fear & Greed Index dropped to 30 (Fear);
* US BTC ETFs saw $366.6M outflows;
* US ETH ETFs posted $232.3M outflows;
Crypto Winners & Losers
At the time of writing, 7 of the top 10 cryptocurrencies by market capitalization have posted gains over the past 24 hours.
Bitcoin (BTC) rose 0.4% to $110,796, extending its weekly gain to 3.5% and maintaining a market cap above $2.2 trillion.
Ethereum (ETH) followed closely, up 0.1% in the past day and 3.6% on the week, trading at $4,039.
Binance Coin (BNB) posted one of the stronger moves, up 0.5% to $1,119, while Solana (SOL) gained 0.3% to $192.83, holding firm above the $190 mark.
XRP (XRP) climbed 0.3%, changing hands at $2.46, and TRON (TRX) was up 0.1% at $0.324, continuing its steady upward trend.
On the downside, Dogecoin (DOGE) slipped 0.1% to $0.2006, while Cardano (ADA) fell 0.5% to $0.67, making it one of the few top assets in the red today.
In the broader market, Bio Protocol (BIO) led the day’s gainers with a 52.6% surge to $0.1224, followed by 币安生链 (BinanceLife) up 67.0%, and Bounce (AUCTION) up 58.7%.
Meanwhile, ChainOpera AI (COAI) was the day’s biggest loser, dropping 49.5% to $5.29.
Overall, sentiment remains cautiously bullish as Bitcoin holds above the $110,000 threshold, with most major altcoins stabilizing near weekly highs.
Meanwhile, Bitcoin’s sluggish recovery continues as long-term holders cash out after years of gains, according to on-chain data analyzed by market experts.
Analyst James Check said the recent weakness isn’t caused by manipulation but by “good old-fashioned sellers,” noting that this wave of profit-taking has become the main resistance keeping Bitcoin below key price levels.
Ethereum Faces Short-Term Caution but Long-Term Strength, Says NoOnes CEO
Ethereum remains range-bound as short-term uncertainty meets strong structural fundamentals, according to Ray Youssef, CEO of crypto platform NoOnes.
“Ethereum’s price action continues to sit at a crossroads where technical uncertainty and fundamental strength collide,” he said in a note shared with Cryptonews.com, reflecting investor hesitation after Q3’s strong performance.
