đ·Market Sentiment Shifts Amidst High Activityđ·
The cryptocurrency market has seen intriguing shifts recently, with the total market cap now at $2.2 trillion and a 24-hour trading volume of $74 billion. Most coins in the top 100 are under pressure - only few, like $ATOM $FLOKI and $FTM show resilience, continuing to go up.
Key Observations:
đžFear and Greed Index climbed from a fearful 30 to 56, then retreated to 48, reflecting cautious optimism and rapid shifts in sentiment. External factors like regulatory news and the arrest of Telegramâs CEO may have influenced these changes.
đžTrading Volume: Up by nearly 30% over the past week, signaling high activity. However, the market cap decreased by 2.54%, suggesting that increased trading hasnât translated into price gains.
The market is grappling with mixed sentiments and high activity. Whether this leads to an uptrend or further consolidation remains to be seen.
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