Market Overview
#bitcoin Trades below $94k. The Top-10 Cryptos traded in red zone:
$SOL - 2.76%
$ETH -1.55%
$BTC -2.10%
#xrp - 1.05%
Market capitalization: $3.29T - 1.66%
The BTC Dominance: 56.8%
Fear & Greed index: 51 (Greed)
Price Movement: Bitcoin has recently experienced volatility, with notable fluctuations. After a Christmas rally, there was a dip, which some attribute to a glitch on TradingView showing Bitcoin's dominance at zero. The current price of Bitcoin is around $94,446.49 (USD) and €90,655.78 (EUR).
Market Capitalization: The market cap of Bitcoin is approximately $1.87 trillion, with Bitcoin maintaining a market dominance of around 56.65%. The total #cryptocurrency market capitalization stands at roughly $3.36 trillion.
Market Sentiment and Analysis: The market sentiment appears to be neutral or slightly bearish. Analysts have noted selling pressure with lower highs forming on both the 4-hour and daily timeframes, suggesting a bearish daily bias. The Fear & Greed Index is at 72, indicating a level of greed in the market, which might suggest an overextended market potentially due for correction.
