Today, the broader digital asset market recorded relatively mixed performance. Its market valuation rose by 1.45% to $3.23 trillion. Its transaction volume witnessed a decrease of 27.42% to $97.87 billion. The fear and greed index rose to 48, indicating a shift from extreme panic to a neutral market though with increased caution.
The wider market is still feeling the heat of the trade war between China and the US. Bitcoin and altcoins continue experiencing highlighted selling pressure as trade disputes between the world’s two biggest economies deepened. China recently imposed new traffic as a revenge on the US.
The wider crypto market experienced liquidations amounting to $177 million over the past 24 hours. Ether led with massive selloffs worth $23.52 million, followed by Bitcoin’s $20.38 million.
Bitcoin at $97k
Today, BTC continued with its consolidation mood. It currently stands at $97,033.37, after seeing an increase of 0.94% over the past 24 hours. Its market dominance dropped by 0.37%, which placed it at $1.92 trillion. Also, its trading volume decreased by 38.26% to $31.14 billion.
Altcoin market recovers
Today, major tokens in the altcoin market recorded mixed outcomes. Ethereum experienced a 0.94% increase to currently standing at $2,699.24. XRP saw the best performance in the top 10 major cryptocurrencies section, with a surge of 12.20%. Solana, Dogecoin, and Cardano also recorded price increases of 4.33%, 4.93%, and 3.63% respectively.
Also, meme coins on the BNB chain are experiencing explosive trades after Binance founder CZ disclosed his Broccoli memecoin. The announcement triggered a meme coin frenzy on the BNB blockchain.
Top news
Here are the top events that occurred in the market over the past 24 hours.
First, OpenSea announced the forthcoming launch of its digital asset called the SEA token. The launch will come together with an airdrop program that aims to reward the platform’s most loyal, active, and historical users.
Elsewhere, an NFT collection, popularly, known as Doodles, announced the launch of its native cryptocurrency, called DOOD, built on top of the Solana network. The launch of the coin is set to help Doodle to better connect with its community.
Lastly, Redstone Oracles, a DeFi platform, launched the tokenomics for its RED token. The platform set the total supply of the token at 1 billion, with huge amounts allocated to the community and ecosystem. This showcases the project’s commitment to promoting a robust and engaged community.
Top gainers
Today, five altcoins gained the spotlight for their outstanding performance.
DOGEai (DOGEAI) emerged as the top performer in the broader cryptocurrency market. This came after the asset’s price experienced a tremendous 125% rise over the past 24 hours. Book of Ethereum (BOOE) secured the second spot with a price surge of 69.5% over the same period.
Mfercoin (MFER) followed closely with a 68.5% price hike. Lastly, Top Hat (HAT) and MESSIER (M87) closed today’s top gainers list with price rises of 43.5% and 36.7% respectively.
