What’s Happening with Crypto Today?
The crypto market today has been jittering amidst the ongoing turmoil caused by FED rate cuts and liquidations. With an intraday drop of 8.71% the market cap at the time of press is at $3.22 trillion. Despite the steep fall, the trading volumes have shot up 30.14% to peak at $341.17 billion.
However, the Fear & Greed Index now stands at a “Greed” score of 62, cautioning optimism amongst market players, even as prices tumble. Amid the ongoing turbulence, Bitcoin and Ethereum have taken a major step back, sparking concerns about the year-end targets.
Bitcoin Dominance Grows, While Price Slips?
Bitcoin has been experiencing rough waters since yesterday. At the time of press, it has shed 7.89% to reach a price tag of $93,937.54. The current correction did result in traders making positions, which led to an intraday rise of 24.14% in trading volumes to reach $118.97 billion. That being said, Bitcoin enjoyed a lion’s share of the market at 57.79%.