Recently, the performance of the crypto market has not been optimistic, especially the Bitcoin (BTC) and Ethereum (ETH) ETFs have faced large outflows, showing a clear bearish trend.
In terms of individual stocks, Zerebro (ZEREBRO) and Movement (MOVE) were the two best performing stocks today, with ZEREBRO surging 56%.
At the same time, mainstream meme coins such as Dogecoin (DOGE) and Shiba Inu Coin (SHIB) are falling, and the overall market is also in a downward trend.
Today, the price of Bitcoin (BTC) fell below $96,000, and the trend of the entire crypto market seemed somewhat weak. Bitcoin and Ethereum ETFs began to see outflows after a period of growth, and major altcoins such as Ethereum (ETH) and Solana (SOL) also fell by 3%-5%.
Although most cryptocurrencies are trending lower, Movement (MOVE) and ZEREBRO have emerged as dark horses. MOVE has risen 30% in the past 24 hours, while ZEREBRO has surged 56%.
Overall, the global crypto market fell by about 2%, with the market value falling to $3.34 trillion, but the trading volume rose by 3.42% to $280 billion. The Fear and Greed Index remained at 62, indicating that market sentiment is still biased towards greed.
Today's Cryptocurrency Market Updates
Today, Bitcoin (BTC) fell below $98,000, showing a clear bearish trend. Ethereum (ETH) and Solana (SOL) also fell, while XRP rose slightly. Analysts believe that BTC may continue to face selling pressure, especially against the backdrop of market uncertainty and profit-taking.
Bitcoin price today:
The current price of Bitcoin (BTC) is $97,617, down 3% in the past 24 hours. The highest price was $102,849 and the lowest price was $95,671. BTC's market capitalization is $1.93 trillion, with a trading volume of $94 billion and a market share of 57.17%.
According to SoSo Value's report, Bitcoin ETFs are experiencing massive outflows, with SoSo Value losing $671 million and Fidelity losing $208 million. Nevertheless, the U.S. Securities and Exchange Commission (SEC) has approved cryptocurrency ETFs from Franklin Templeton and Hashdex, which may help promote Bitcoin and Ethereum to better integrate into the mainstream financial market.
Ethereum price today:
Ethereum (ETH) is trading at $3,441, down 6% in the past 24 hours. The highest price in 24 hours was $3,721 and the lowest was $3,334. ETH has a market cap of $413 billion and a trading volume of $57 billion.
Ethereum ETFs also saw outflows, with Grayscale selling $61 million of its ETH ETF and Fidelity buying $5 million worth of it. These outflows were in line with the market’s downward trend.
XRP price today:
XRP is currently priced at $2.33, up 1% in the past 24 hours. Its market capitalization is $133 billion and its trading volume is $21 billion, making it the fourth largest cryptocurrency by market capitalization.
In addition, XRP’s recently launched RLUSD stablecoin has attracted some attention from the market, although the price of XRP has fallen by more than 15% since its launch. However, it rebounded today, and the market is still fluctuating.
Solana price today:
Solana (SOL) is currently priced at $197, down 5% in the past 24 hours. The highest price in 24 hours was $212 and the lowest price was $188. SOL has a market capitalization of $94 billion and a trading volume of $7.55 billion.
In addition, the meme coin Fartcoin on Solana has risen an astonishing 500% in just 11 days. Despite the downward pressure on Solana, this phenomenon still shows that the market's interest in meme coins remains strong.
Meme coin market dynamics
Memecoins are generally down today, reflecting the overall weak market trend. Dogecoin (DOGE) is down 10% and is currently trading at $0.32, while Shiba Inucoin (SHIB) is down 8% and is currently trading at $0.00002232.
Some other meme coins such as PEPE, BONK and WIF also generally fell by 3% to 9%. These changes show that both meme coins and mainstream cryptocurrencies are facing market pressure.
Today's Cryptocurrency Gains
Zerebro (ZEREBRO): Today’s performance was very eye-catching, with a 56% increase and the current price is $0.43. The market value reached $427 million and the trading volume was $114 million, showing strong market activity.
Movement (MOVE): performed well, with a 30% increase in the stock price, currently at $0.86. The market value reached $172 million, and the price fluctuated between $0.69 and $0.87 in 24 hours.
Flare (FLR): Up 7%, currently trading at $0.028, with a market cap of $1.56 billion and a trading volume of $26 million. The overall market sentiment is positive.
Today's Cryptocurrency Decline List
Pudgy Penguins (PENGU): The biggest drop today, down 14%, the price is $0.028. Despite the large drop, analysts are optimistic about its future development and predict that it may soon return to a market value of $10 billion.
Lido DAO (LDO): The price is down 12% and is currently trading at $1.625, having recently shown a significant correction.
Ethena (ENA): The price fell by 11% and is currently at $0.99. Ethena’s cooperation with Trump’s World Liberty Financial may bring it new opportunities.
Other market dynamics
The overall market downward pressure remains, with Bitcoin (BTC) falling 0.5% in the past hour, and major altcoins such as Ethereum (ETH) and XRP also falling 1% each, showing signs of weakness in the overall market today.