Crypto Market Update

Today, the crypto market is down yet resilient, with its market capitalization dropping to $2.76 trillion after a 0.09% fall over the last 24 hours. Transaction volume decreased by 29.45% to $42.62 billion. The fear and greed index dropped to 27 from 32, indicating the market is still in a fear zone, with investors feeling cautious about crypto assets.

Why Is the Market Down Today?

Continuing trade tensions have affected investor enthusiasm, leading to declines in token prices. The market is experiencing a significant drop in trading activity as investors shift towards safer assets amid geopolitical unrest. Analysts believe that tariff-related tensions may persist until next month, prompting a slump in trading activity.

Currently, Bitcoin is down after failing to surpass the crucial resistance level of $85k, standing at $84,262 with a 0.02% drop over the past 24 hours. Ether, however, saw a surge of 0.94%, reaching $2,005. Other cryptocurrencies like XRP, BNB, and Cardano are down 0.48%, 1.47%, and 0.01%, respectively.

Top Gainers Today

Curve DAO Token (CRV)

Curve DAO Token emerged as the top performer with a growth of 7.79% over the past 24 hours. It reached a high of $0.4904 and has gained 17.7% over two weeks, attracting long-term buyers.

Bitget Token (BGB)

Bitget Token took second place with a 3.77% price rise. It has seen significant growth of 7.4% over the past week and an impressive 426.9% over the last year, reflecting robust investor confidence.

Pyth Network (PYTH)

Pyth Network ranks third with a 3.33% price surge and a 6.6% increase over the past week, along with a 53.20% jump in trading volume, indicating strong bullish sentiment.

Jupiter (JUP)

Jupiter saw a price rise of 2.86% today, with a weekly increase of 2.1%. Open Interest (IO) increased by 14.93% in the past 24 hours, suggesting growing confidence in its price momentum.

Pi Coin (PI)

Pi Coin wrapped up the top five gainers with a growth of 2.64%. It gained significant attention since launch, reaching a peak of over 290% rise. Currently priced at $1.02 after a recent decline, its enthusiasm is fueled by new exchange listings facilitating easier trading.