After a stupendous rally in December 2023 after which within the first week of 2024, cryptocurrencies seem to have been gripped by a sudden flip in sentiment.
Bitcoin’s price stayed above $43,000 in morning commerce on Monday — nevertheless it has fallen from its practically 2-year highs set earlier this month. All ten cryptocurrencies by market capitalization slipped over the past 24 hours.
Just when bets that the US Securities and Exchange Commission (SEC) would give its blessing to a spot Bitcoin exchange-traded fund (ETF) had been getting bolder, the federal regulator issued a “Fear of Missing Out” warning to traders. The SEC’s warning appears to have given traders the heebie-jeebies.
The OG cryptocurrency Bitcoin fell 1% over the past 24 hours. At press time, the BTC value stood at $43,610 whereas Bitcoin’s market cap fell to $854.6 billion. Trading volumes over the past 24 hours jumped over 28% to $21 billion.
The second largest crypto, Ethereum, additionally noticed a 2.2% decline in its costs. As of writing, the ETH price stood at $2,199, and its market cap slipped to $264.3 billion. However, buying and selling volumes surged over 29% to $7.7 billion over the past 24 hours.
Smaller tokens, or altcoins, additionally bled, with BNB value falling practically 4%, Solana (SOL) value plunging over 5.5%, XRP price sliding down 0.9%, and Cardano (ADA) value tumbling practically 9%.
The bearish sentiment was additionally mirrored within the world crypto market cap, which fell over 2.5% over the past 24 hours to $1.61 trillion. The concern and greed index rating stood at 67, indicating traders sentiment was muted.
Top 3 Cryptos For Today
Pepe Coin Price Falls Over 10%
Pepe value plummetted over 10% to $0.000001062 prior to now 24 hours, wiping out a big chunk of its market cap, which shrank to $447.3 million. However, buying and selling volumes over the past 24 hours rose over 26% to %85.1 million.
Shiba Inu (SHIB) Price Falls 8%
The Shiba Inu meme coin noticed its costs sliding by over 8% to $0.0000088 prior to now 24 hours, with its market cap falling to $5.2 billion. Trading volumes over the past 24 hours, nevertheless, appreciated over 46% to $170.8 million, indicating rising retail curiosity within the meme coin.
Lido DAO (LDO) Price Slumps 8.5%
After a magificent rally of 14% final week, Lido DAO value plunged over 8.5% to $2.85, sending its market cap tumbling to $2.53 billion. Meanwhile, buying and selling volumes over the past 24 hours declined by 16% to $176.4 million, signalling diminishing retail curiosity within the token.
Also Read: Blackrock Positions $2B for Imminent US Bitcoin ETF Approval
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