The cryptocurrency market today continued to show bearish momentum, with Bitcoin (BTC) falling below $94,000. The global crypto market dropped by approximately 2% to $3.27 trillion, while trading volume decreased by 15%, now at $138 billion. The fear and greed index fell from 59 to 54, reflecting a neutral sentiment.
Major altcoins also experienced declines of 2% to 5% over the past 24 hours. Movement (MOVE) price plummeted by 20%, and Hyperliquid (HYPE) followed with a 19% drop. Notably, HYPE had been the top gainer for the past two days, recently entering the top 20 in market capitalization.
In positive news, pro-Bitcoin former US President Donald Trump appointed Bo Hines as the Executive Director of the Presidential Digital Asset Advisory Committee. This committee led by Chairman David Sacks aims to drive innovation and development in digital assets.
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