After recent fluctuations, the cryptocurrency market is currently stabilizing, with a total market capitalization maintaining around $3.3 trillion. However, trading activity has declined, with intraday trading volume decreasing by 1.66% to $124.18 billion. Nevertheless, market sentiment remains neutral, with the fear and greed index holding at 51.

Bitcoin Price Dynamics

In the past 24 hours, the price of Bitcoin has dropped by 2.11%, with the current trading price at approximately $94,290. Despite the price decline, Bitcoin's trading volume has risen counterintuitively, increasing by 5.19% to $48.39 billion, indicating that trading activity has actually increased during this price correction.

According to a report by Farside, Bitcoin ETFs experienced significant capital outflows on Friday, totaling as much as $287 million. Among them, Fidelity's Bitcoin ETF saw an outflow of $208 million, followed closely by Ark & 21Shares with an outflow of $112 million, while Bitwise's Bitcoin ETF had an outflow of $36 million.

Performance of Altcoins

The performance of altcoins (non-mainstream cryptocurrencies) has shown a mixed trend. Ethereum stabilized at $3,335 after a slight decline, with a market capitalization reaching $401 billion. Meanwhile, Ethereum ETFs attracted $47.7 million in capital inflows, with Fidelity and BlackRock reporting inflows of $27 million and $20 million, respectively.