Today, the wider digital asset market made some recovery over the past 24 hours. Its market valuation rose by 1.74% to $3.19 trillion. However, its transaction volume saw a decline of 43.57% to $73.59 billion.
The fear and greed index rose to 46, indicating neutral, though investors are still concerned about the market due to recent price declines and looming macroeconomic uncertainty. Investors are still uneasy that recent tariffs introduced by President Trump could have negative impacts on the economy and inflation, and cause drops on risky investments like crypto.
Bitcoin steady at $97,209
The BTC market climbed to $97,209 after seeing an increase of 1.10% over the past 24 hours. However, its dominance decreased to 60.41% after experiencing a decline of 0.47%, placing its market cap at $1.92 trillion currently.
Altcoin market performance up
Today, prices of major tokens in the altcoin market registered uptrends. ETH hovers at $2,672.89 after witnessing a 2.01% rise. XRP is up by 3.93% to trade at $2.48 at press time.
Solana and Dogecoin see upsurges by 5.96% and 3.82% to stand at $204.35 and $0.2567 respectively.
Pancakeswap and BNB rallied by 49% and 10% respectively, supported by extreme enthusiasm surrounding the launch of the Four.meme launchpad and listing of TEST (TST) on Binance Alpha.
Top news
Today, major events in the digital asset market include the following:
First, the Ethereum Foundation moved 50,000 ETH worth $131.66 million into a multisig vault to support Ether’s DeFi ecosystem. This deliberate move signals positive impacts on DeFi liquidity and market sentiment following the Foundation’s strategic support for the decentralized finance landscape.
Elsewhere, Arkham Exchange announced that its airdrop program is now live. The airdrop initiative provides both experienced and beginner crypto investors with a great opportunity to earn free ARKM tokens.
Story Protocol, an L1 blockchain designed for IP management, launched details of the tokenomics of its primary cryptocurrency (STORY). Crypto users can now use the token for staking purposes to earn rewards. They can also use it as a gas token and participate in crucial agendas within the Story ecosystem.
Top gainers
Today’s noteworthy performers in the cryptocurrency market include the following:
AICell (AICELL) gained the spotlight for its top performance. It recorded a tremendous price surge of 322% over the past 24 hours. It was followed by Whispersai (WHISP), which witnessed an incredible price hike of 265% over the same period.
BananaS31 (BANANA) took the third position with a remarkable price rise of 76.5%. It was followed closely by Andy BSC (ANDY), which experienced a price increase of 72.4%. Finally, Sendaifun (SEND) closed today’s top gainers list with a price jump of 52.7%.
