The cryptocurrency market is stable after fluctuations, with BTC struggling at the 95,000 mark!
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The cryptocurrency market has remained stable recently, with a total market capitalization of $3.3 trillion, although trading volume has slightly decreased, with a 24-hour trading volume of $124.18 billion, down 1.66%. Market sentiment is neutral, with the fear and greed index at 51, reflecting investors' wait-and-see attitude.
Bitcoin Continues to Decline, Capital Outflows Intensify
Bitcoin has dropped 2.11% in the past 24 hours, closing at $94,290. Despite the price decline, Bitcoin's trading volume increased by 5.19% to $48.39 billion, showing market activity. According to the Farside report, there has been a large outflow of funds from Bitcoin ETFs, totaling $287 million, with Fidelity ETF experiencing the highest outflow of $208 million.
Altcoins Show Mixed Performance, Some are Struggling
Ethereum stabilized at $3,335 after a slight decline, with a market capitalization of $401 billion, attracting $47.7 million in ETF inflows. Altcoins like Solana, XRP, and TON also generally fell, with a decline of about 2%.
Outstanding Tokens and Poor Performers
In terms of gains, Bitget Token (BGB) surged 13.68% to $8.19 after announcing the destruction of $800 million worth of tokens. Virtual Protocol and PEPE tokens also rose by 10.9% and 4%, respectively.
On the other hand, Zcash (ZEC) performed the worst, dropping 10.6% to $61.13, followed closely by Curve DAO Token and Helium, which fell by 9.46% and 8.8%, respectively.
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