The cryptocurrency market began Friday with notable declines as investor sentiment remained cautious across major digital asset categories. The overall crypto market capitalization dropped 1.38 percent to $2.65 trillion, reflecting a weakening investor outlook and confidence.
Trading activity slowed significantly, with total daily volume falling 32.13 percent to approximately $88.91 billion across global exchanges. Market sentiment followed suit, with the Fear and Greed Index sliding to 25, indicating rising fear among crypto market participants.
Bitcoin Recovers to $83.49K but Faces Drop in Trading Volume
In the 24 hours, Bitcoin experienced a 0.46 percent increase, leading to a price level of $83,498.78. At the reporting time, bitcoin maintained its solid market value by holding a market capitalization of $1.65 trillion as per CoinMarketCap data.
The daily trading volume for Bitcoin decreased significantly by 36 percent to $34.12 billion as the price rose. Trader monitoring of prices remained high despite decreased market engagement, resulting in lower trading activity across the session.
Bitcoin maintains dominance in the broader market, with a circulating supply of 19.84 million BTC remaining actively in circulation. Its volume-to-market-cap ratio stands at 2.03 percent, reflecting current liquidity relative to its total capitalization.
Altcoins Weaken Further as Selling Pressure Mounts
Ethereum joined Bitcoin to maintain a 1.76 percent daily loss within this trading period. During the trading window, Solana dropped by 3.18 percent and sustained downward pressure for the entire period.
XRP showed a minimal decrease of 0.28 percent during the trading period, thus maintaining stability among other cryptos. The other cryptocurrencies in the altcoin market illuminated Bitcoin’s unstable performance through various mixed price changes and mostly negative market movement throughout that trading period.
Selective Gains Surface as Volatility Defines the Day
During the past 24 hours, Cosmos demonstrated the highest gains among major assets, rising 8.67%. The PENDLE token saw its value increase by 4.05 percent, followed by Quant, which gained 2.83 percent throughout the day.
PI led the list of daily losses by plunging 14.24 percent, continuing its volatile pattern seen earlier this week. At the same time, BERA suffered a 10.13 percent decrease, followed by SUI, which dropped 8.46 percent.
Market participation among cryptocurrencies reveals selective patterns by distinguishing between increasing and decreasing asset values. The contradictory price movement establishes heightened market volatility while traders shift their positions between various cryptocurrencies.
Conclusion
The crypto market maintains a precarious stance due to declining trading volume, together with conflicting signals between leading and emerging assets. Current market conditions are stable for Bitcoin despite declining volume,s yet most altcoins face ongoing selling pressure.
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