The global crypto market cap is up by 3.62% to $2.4 trillion.
The total liquidation recorded for the past 24 hours is $200 million.
The crypto market is concisely in the bullish momentum over the past 24 hours, with major tokens charted in green. The brief rally might have triggered the occurrences of ETH ETFs and the presence of renowned political figures in the Bitcoin conference happening at Nashville. How will the coming week be welcoming the market sentiment?
Over the past week, the global crypto market capitalization dropped by 1.7% to $2.22 trillion. As of now, the market cap has spiked by 3.62% to $2.4 trillion. Meanwhile, the daily trading volume is down by 3.16% to mark $80.79 billion. Will the uptrend pick a bullish pace?
Exiting the fear zone, the market is in the neutral zone, as indicated by the Fear and Greed Index that sits at 59. Alongside Bitcoin, Ethereum, and altcoins has spiked in the last 24 hours. Santiment data underscores a potential serious bounce action within the crypto market.
Meanwhile, the total liquidation recorded for the past 24 hours is $200 million. When observing the chart, Ethereum surpassed Bitcoin in liquidation, and values stood at $73.16 million and $53.51 million, respectively. Other altcoins’ liquidations recorded $16 million.
Total liquidations chart (Source: Coinglass)
Some of the significant options data revealed a total of 61,000 BTC options expired, noting a Put Call Ratio of 0.62 and featuring a max pain point of $63,500 and a notional value of $4.1 billion. Comparably, 490,000 ETH options expired with a Put Call Ratio of 0.45, recording a max pain point of $3,350, and a notional value of $1.6 billion. This highlights the contrasting assumptions among traders on future price movements.
Are the Major Crypto Tokens Performing Well?
BTC, largest asset by market cap, is up by 4.82% at $67.3K. Over the past month, the asset noted an increase of 9.82%. In the past week, BTC was up by 5.4%. Similarly, ETH, the largest altcoin, has noted a 2.52% spike to sit at $3.2K. In the past month and week, the token has dropped by 3.58% and 4.65%, accordingly.
While, other token’s like Solana (SOL), Uniswap (UNI), and Cardano (ADA) have recorded gains. At the time of writing, SOL traded at $178, noting a spike of 6.68%. UNI showed an increase in price by 6.33% at $7.59, and ADA stayed at $0.412, up by 4.59%. On the other hand, XRP, LEO, and PEPE became the top losers over the past 24 hours. XRP is down by 0.79% priced at $0.5993. PEPE is down by 0.83% at $0.00001177, and LEO traded at $5.84, dropped by 0.8%.
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