Market Sees $222M Wipeout as Bitcoin, Altcoins Slip
The cryptocurrency market has opened the week with a weak price action, suggesting a cool-off trend in the market. Meanwhile, major cryptocurrencies have witnessed a consolidated price action over the past weekend, highlighting rising uncertainty in the industry.
Moreover, over the past day, a total of 89,143 traders were liquidated from the crypto-verse. The total liquidation value when combined comes to a total of about $222.42 million. Additionally, during this period, the single largest liquidation order was recorded on Binance cryptocurrency exchange at BTC/USDT pair and was of $12.20 million.
Bitcoin Records Consolidated Price Action
Amid the ongoing market conditions, the BTC price has recorded a variation of less than 1% with a trading volume of just over $40 billion. With a value of $106,977.51 and a market capitalization of $2.24 trillion, the dominance of Bitcoin continues to stay above 64% and is currently at 64.6179%.
Top Altcoins Mirror BTC’s Lead
Following in the footsteps, the Ethereum price has recorded a consolidated price action. However, it has maintained its value above its crucial watch point of $2,400, suggesting a potential bullish momentum in the brewing.
The XRP price shows similar action by holding its value around the $2.17 mark. With this, the top 3 cryptocurrencies have started the week on a weak note, raising concerns about their short-term prospects.
Trending CryptoToday
- Bitcoin (BTC)
- Ethereum (ETH)
- Arbitrum (ARB)
- Pi Coin (PI)
- XRP (XRP)
Top Gainers & Losers Today
| Gainers | Losers |
| Arbitrum (ARB): +13.36% | Maple Finance (SYRUP): -7.57% |
| Aerodrome Finance (AERO): +6.39% | DeXe (DEXE): -7.04% |
| Pyth Network (PYTH): +4.97% | Kaia (KAIA): -5.87% |
Crypto Market Cap Overview
Over the past 24 hours, the crypto market has displayed a minor correction of <1% in its valuation as per latest readings of CoinMarketCap. Following this, the global cryptocurrency valuation has decreased to $3.291 trillion with an intraday trading volume of $94.3 billion, a major change of +32.86%.
On the other hand, the Fear & Greed index is valued at 52 (neutral), highlighting a weak buying-and-selling pressure in the crypto space. Moreover, the Altcoin Season Index is now at 19, suggesting a strong Bitcoin dominance in the world of cryptocurrency.
Also Read: SEC Acknowledges Grayscale Spot BTC, ETH, XRP, SOL, ADA ETF