Bitcoin’s price fell 4.29% as market fear rises and derivatives activity surges.
Ethereum’s value dropped 6.64% with increased derivatives trading and volatility.
XRP declined 4.51%, despite a surge in derivatives volume and bullish sentiment.
Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and XRP, have all seen significant declines alongside the current turbulent market.
Bitcoin Experiences Decline Amid Mixed Market Trends
Bitcoin’s price slid to as low as $52,714.52 before climbing back to currently trade at $54,140, a 3.90% decrease over the past 24 hours. Its market cap now sits at $1.06 trillion, with a 24-hour trading volume of $48.79 billion. The circulating supply of Bitcoin is 19,750,603 BTC, approaching its maximum limit of 21 million BTC.
Recent market trends show a mixed picture. Gold futures have declined by 0.38%, while the U.S. Dollar Index has risen slightly. Bitcoin dominance and exchange balances have both decreased marginally. Additionally, the Crypto Fear & Greed Index has plummeted by 24.14%, signaling increased market fear.
Despite these negative indicators, derivati…
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