The crypto sector keeps evolving with a significant shift in the overall dynamics. As per the data from Phoenix Group, the cumulative crypto market capitalization has touched the $3.24T mark parallel to $102.70B in 24-hour volume, on the 15th of February. The crypto analytics platform shared the exclusive overview of the crypto market on its official X account.
Bitcoin and Ethereum Account for 59.6% and 10.1% in Terms of Market Dominance
In line with Phoenix Group’s data, Bitcoin ($BTC) is currently changing hands at $97,495. In addition to this, the top crypto asset’s market dominance is now standing at 59.6%. Apart from that, the DeFi total value locked of Bitcoin has reportedly touched $169.05B. Along with that, Bitcoin longs dominate with a 50.29% market share as compared with 49.71% in shorts. On the other hand, Ethereum ($ETH) is trading at nearly $2,701. Simultaneously, Ethereum’s market dominance is at the moment 10.1%. Moreover, the $ETH gas accounts for up to 1 GWEI at present.
Fear and Greed Index Indicates Fear at ‘40’
However, the Fear and Greed Index of the crypto market is now at 40. This point signifies fear among the crypto traders. The respective mark highlights a slight dip from 38 which was recorded 24 hours back. Nonetheless, in comparison with 7-day reading and 30-day reading, this spot suggests caution among the market members. Seven days back, this scale recorded the 36 mark while thirty days back it stood at 75.
$OM, $TEL, $TRUMP, $FTT, and $XDC Record Significant Price Bounces
Additionally, several altcoins also witnessed remarkable price spikes during the 24 hours. In this respect, $OM saw a 5.26% dip and a 39.74% bounce subsequently. $TEL succeeded $OM with a 2.69% dip and 38.61% bounce. Meanwhile, $TRUMP’s 14.47% dip led to a 20.44% rise while $FTT gained a 9.32% bounce after a 0.41% dip. Additionally, $XDC’s 8.51% bounce resulted from a 0.96% dip.
$BTC, $ETH, $TRUMP, $XRP, and $DOGE Experience Huge Liquidations
According to Phoenix Group’s analytics, $BTC, $ETH, $TRUMP, $XRP, and $DOGE went through massive liquidations during past 24 hours. Hence, $BTC topped in liquidations with a staggering $38.29M amount. Furthermore, $ETH, $TRUMP, and $XRP accounted for $27.63M, $18.09M, and $13.95M in 24-hour liquidations. Furthermore, $DOGE beheld liquidations reaching the $12.09M mark.
