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Major Cryptocurrencies Experience Downturn: Market in the Red

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by Giorgi Kostiuk

2 days ago

The cryptocurrency market is showing stability today; however, major tokens are declining in value due to decreased market activity.

Bitcoin Drops to $109k

Bitcoin is down by 2.44%, trading at $109,393, having started the day above $112,000. This drop is attributed to a 15% decrease in market activity, with the market cap currently at $2.18 trillion.

Altcoins Under Pressure

Ethereum, too, shows negative trends, down 3.45% over the last 24 hours, though still maintaining above the $4000 mark. The current price of ETH is $4,317. Trading activity decreased as well, amounting to $35.45 billion, with market cap standing at $521 billion.

Overall Market Situation

Overall, the market has lost 2.3% today, while the Fear and Greed Index at 44 suggests a neutral investor sentiment. In the last 24 hours, 102,160 traders were liquidated totaling $253 million.

The cryptocurrency market currently remains in a state of volatility, with falling prices for key tokens and reduced trading activity, potentially influencing future trends.

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