Today, the broader crypto market experienced a mild recovery. Over the past 24 hours, its market valuation rose by 0.85% to $2.69 trillion. However, its transaction volume decreased by 26.03% to $44.5 billion. Meanwhile, the fear and greed index dropped to 32, meaning there is still fear in the market.
Liquidations in the market
Despite recovery efforts, the market is still struggling due to recession fears and ongoing tariff concerns. Today, Ethereum witnessed the largest liquidation in the crypto market, with $15.75 million positions liquidated in the last 24 hours. It was followed by Solana, which experienced $15.07 million in liquidation.
Bitcoin came third with $12.47 million wiped out. MANEKI and FARTCOIN also witnessed a significant hit, with $5.55 million and $4.49 million liquidated, respectively.
Today’s top gainers
Core (CORE)
Core (CORE) emerged as the top performer in today’s crypto market. It recorded a tremendous price growth of 19.38% over the past 24 hours. Besides today’s rise, CORE has proved to be one of the top performers lately, demonstrating its potential. Its price has been up 27.0% and 43.8% over the past week and a month ago, respectively. These figures indicate that CORE is experiencing increasing demand, especially whales are heightening their token accumulation, boosting bullish market sentiment and price surge.
JasmyCoin (JASMY)
JasmyCoin (JASMY) took the second position with a 12.91% price increase recorded over the past 24 hours. The Japanese-based crypto token is defying the broader downtrend in the crypto market. Its value has been up 0.3%, 38.6%, and 2.7% over the past seven days, two weeks ago, and one month ago, respectively. One of the key factors contributing to the asset’s price increase is the growth of IoT in the Japanese tech industry. As IoT instruments become more widespread, big tech firms are adopting the JASMY data security platform.
Trump (TRUMP)
Next on the list is the TRUMP, a meme coin powered by President Trump, which registered an 11.83% price increase from yesterday. The key catalyst behind this surge is the increased social activity revolving around the token, which could have been triggered by social activity surrounding President Trump. There has been a substantial rise in sentiment for the token over the past week, according to LunarCrash data. This breathed new life into the meme coin’s price movement, which can be seen in the token’s price upturn by 4.3% over the past week.
Bittensor (TAO)
Bittensor (TAO) secured the fourth place with an 11.42% price rise. TAO’s price jump is driven by growing buying activity. Today, Open Interest in the asset’s derivatives market rose by 20% and market sentiment shifted to bullishness from bears. This shows increased investor confidence in the crypto AI token. Its price has been up 10.2% and 7.0% over the past week and one month ago, respectively, showing investor accumulation.
Hyperliquid (HYPE)
Hyperliquid took the fifth position with a price increase of 10.81%. HYPE has recently displayed indicators of recovery, meaning long-term investors are increasingly buying the asset, positioning themselves for future price growth. Apart from today’s price hike, the token’s value has been up 15.1% and 20.6% over the past week and one month ago, respectively, a sign of growing token adoption.
