Bitcoin price rebounds from a 24-hour low of $77,624.25
Crypto market trades in the red on Wednesday, as broader market volatility and liquidity pressures continue to weigh on digital assets. The crypto Fear & Greed Index has dropped to 15, scoring "Extreme Fear" for the first time since the FTX crash.
The crypto industry’s total market cap has slid by 4.37% to $2.59 trillion in the past 24 hours. The market is also grappling with the looming threat of a recession in the U.S., which has led to liquidations amounting to over $900 million.
Bitcoin price, on the other hand, has shown resilience, bouncing back from a 24-hour low of $76,624.25 to trade at $80,155.34 by press time.
Bitcoin's market cap currently stands at $1.59 trillion, with trading volume surging by over 52% to $58.75 billion.
On the other hand, Ethereum price slid 8.36% to $1,893.45. XRP price also tumbled, posting a 4.31% decline. Solana price shed 3.53%, floating around $123.35.
On the gainers' side, MOVE token leads with a 6.49% uptick. STORY IP and OM follow with gains of 3.85% and 3.74%, respectively. Among the losers, FET plunged 15.59%, while LDO and UNI fell 13.51% and 11.55%, respectively.
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