The Crypto Market is Undergoing a Correction, with Top Cryptos Losing Momentum

Bitcoin is struggling to stay above the 67k-dollar mark, while Ethereum is dropping to 2,600 dollars. The Fear and Greed Index still shows signs of Moderate Greed among investors.

The crypto market is experiencing a correction, with top cryptos losing steam. Bitcoin is struggling to stay above the $67k-mark, while Ethereum is dropping to $2,600.

However, the Fear and Greed Index still shows signs of Moderate Greed among investors. According to Cointree, the metric is at 71 despite the fluctuations. TRON remains the only crypto in the top 10 ranks to not lose value in 24 hours.

During this period, only altcoins such as Celestia and Beam experienced significant growth. Here is a quick overview of the market with the latest developments across the world.

Bitcoin

BTC fell prey to the ongoing correction and lost its $67k-mark. In the past 24 hours alone, the crypto has lost 1% value.

It is trading at $66,900 with a weekly drop of 0.06%. Even the Bitcoin Spot ETF recorded an outflow of $79 million on Tuesday. Tesa has also announced a $700 million BTC transfer, creating chaos among traders.

The market leader has lost 21.28% of its trading volume in the past 24 hours, and this trend is likely to continue.

Ethereum

Ethereum also followed in the footsteps of Bitcoin, losing its $2,700-mark in concrete terms. In the past 24 hours, the coin lost 1.58% value.

ETH is trading at $2,611 with a meager 0.26% weekly surge. The network has not made any major developments and is merely relying on market forces. The nearest resistance level ETH has to face is $2,663.