Bitcoin ($BTC) rose strongly to a remarkable $67,036, making up 58.2% of the total cryptocurrency market share. Thus, a market capitalization of $2.283T and 24-hour trade volume of $44.883B reflect stable investor interest in Bitcoin. This dominance solidifies Bitcoin’s role as a market driver while other assets show mixed performance.
Ethereum and Bitcoin Steady Amid Mixed Crypto Market Movements
Ethereum ($ETH), meanwhile, remained stable at $2,465, holding a 13% market dominance. The Ethereum network reported low transaction costs, with gas fees at a manageable 7 Gwei, indicating stable network activity. This consistent performance underlines Ethereum’s utility-focused appeal in decentralized finance, attracting steady user engagement and network activity.
Price movements within the crypto space saw mixed outcomes, with assets like Aero, Goat, and Kas recording significant dips. Aero fell by 12%, Goat by 8%, and Kas by 5%, reflecting recent market volatility. Conversely, some assets experienced slight recoveries, adding balance to the market as investors responded to changing conditions.
Over the past 24 hours, total liquidations reached $4.65 million, with the most affected assets including Bitcoin, Ethereum, and Aero. Bitcoin led liquidations at $2.65 million, followed by Ethereum at $1.2 million, highlighting heightened trading activity and potential risk exposure for leveraged positions. This high liquidation level signals the ongoing market volatility and the risks associated with leveraged trading.
DeFi Metrics and Market Sentiment
The total value locked (TVL) in DeFi stood at $138.54 billion, signifying that DeFi projects were healthy and getting sufficient attention and funds from users. The Fear and Greed Index shows that investors are positive, scoring 75; the market has not changed much in the past week. This sentiment will likely support stable prices, and investment flows across major projects within the ecosystem.
