Crypto Market Dips To US$2.93 Trillion As BTC, BNB, XRP See Minor Pullback
The global cryptocurrency market experienced a mild correction today, with total market capitalisation dipping by 1.58% to US$2.93 trillion. Despite the decline, investor sentiment remains neutral, with the Crypto Fear & Greed Index sitting at 49.
Bitcoin (BTC), the market’s bellwether, dropped 1.72% in the last 24 hours, currently trading at US$94,137.93. Ethereum (ETH) followed suit, easing 1.97% to US$1,796.30. Tether (USDT), the largest stablecoin, remained largely flat at US$1.00.
Among the top altcoins, BNB slid 1.92% to US$588.46, while XRP defied the broader market trend with a 2.26% gain, now priced at US$2.15.
Meanwhile, meme coin TURBO surged 12.24% to US$0.0053, leading daily gainers. On decentralised exchanges, GORK/SOL emerged as the top trending pair, skyrocketing over 50% to US$0.06117.
Trading volumes remain robust, with Bitcoin seeing over US$20.5 billion in 24-hour activity, and Ethereum posting US$9.3 billion.
With market watchers eyeing a possible bullish cross for Bitcoin, some analysts are optimistic about a potential rally towards the US$120,000 mark.
