|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Crypto Market Enters Bearish Phase, Fear and Greed Index Hits Fear
Oct 03, 2024 at 05:34 pm
The crypto market has entered a bearish phase, with top assets losing value. According to Cointree, the Fear and Greed Index has also hit Fear.
The crypto market has shown signs of bearish activity. According to Cointree, the Fear and Greed Index has hit Fear. The metric currently stands at 37, indicating growing fear among traders.
Bitcoin has dropped to the 61,300-dollar mark, while Ethereum has lost its 2,600-dollar footing. Among the top 10 rankings, TRON is the only coin that hasn't experienced a decline in value, along with USDT and USDC.
Despite the bearish market, traders are still showing interest in coins like Sui, Popcat, and Flare for short-term gains. Here's a quick overview of the overall market, including the latest updates and movements.
Bitcoin
BTC is currently trading at 61,307 dollars, down from its 65k-dollar mark. Over the past 24 hours, the market leader has lost 0.26% in value.
However, Bitcoin is showing a 3.30% dip in its 7-day performance chart. In the meantime, Bitcoin whales have purchased 3.15 billion dollars in BTCs over 10 days. Considering BTC's first resistance at 62,172 dollars, the coin is expected to rise higher in the upcoming weeks.
Ethereum
Ethereum is not having a hot streak, having lost 7.65% in value over the past 7 days. Its 24-hour performance also shows a drop of 3.64%.
The coin is currently trading around the 2,400-dollar mark and showing a consistent loss in value. ETH has lost 44.40% in sales volume over the past 24 hours, dropping it to the 3rd rank. The coin has support at 2,335 dollars, while its resistance is at 2,470 dollars.
XRP
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- ETFSwap (ETFS) Exerts Market Dominance As Debut Attracts Close to $4M-Here's Why
- Oct 03, 2024 at 08:55 pm
- Whereas Litecoin (LTC) and Chainlink (LINK) have struggled to achieve momentum, with their costs fluctuating and no clear bullish development in sight, a model new participant is capturing the highlight.
-
- Solana Meme Coin BONK Faced a 12.5% Drop to $0.0000214 After Failing to Break Past Key Resistance at $0.00002400, Missing a Potential 92% Rally
- Oct 03, 2024 at 08:55 pm
- Solana meme coin BONK has come under significant selling pressure recently amid the broader market correction dropping from a major breakout point that could have otherwise resulted in a strong 92% rally.