Bitcoin (BTC) Price Shows Strength Amid Volume Drop, ADA and Neiro Become Top Gainers

The cryptocurrency market cap has declined by 0.82% over the last 24 hours, settling at $2.5 trillion. In parallel, trading volumes have also contracted sharply

The cryptocurrency market cap has declined by 0.82% over the last 24 hours, settling at $2.5 trillion. In parallel, trading volumes have also contracted sharply, down by 32.45% to $129.71 billion. The Fear & Greed Index, at 72, signals “Greed,” maintaining a bullish sentiment despite the recent market cooling.

Bitcoin price edged higher by 1.51% to $76,043.95, posting a steady recovery. However, the notable 34.72% decline in its 24-hour trading volume suggests a slowing momentum as investors may be locking in profits. The leading cryptocurrency still commands a dominance of 60.04%, underlining its significant role in the market’s movement.

Bitcoin Price Shows Strength Amid Volume Drop?

Top Gainers and Losers:

Neiro led the gainers’ pack, skyrocketing by 24.68% to $0.002468, followed by Cardano, which rebounded 14.92% to $0.4284. GOAT also enjoyed a healthy rise of 9.84% to $0.8535. On the losing side, Lido DAO fell by 7.89% to $1.28, Kaspa decreased by 6.60% to $0.1129, and ZCash declined by 6.03% to $42.53.

Stay connected for more updates as the market navigates these shifts, with Bitcoin and Ethereum maintaining steady interest while altcoins experience mixed outcomes. The coming days could reveal whether the current “Greed” sentiment holds or if caution takes over amid lower trading volumes.

FAQs:

Bitcoin (BTC) price at the time of press is changing hands at $76,043.95

Ethereum (ETH) price is currently at $2,916.99 with a gain of 2.24% over the previous day

The cryptocurrency industry’s market cap has dropped by 0.82% over the previous day to $2.5 trillion.

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