Today, the cryptocurrency market displayed a generally volatile trend. Bitcoin (BTC) $96,224 traded in the green zone around $75,000, while altcoins showed mixed movements. During this process, Neiro (NEIRO) emerged as the most appreciated cryptocurrency of the day.
Overall Market Overview
The total value of the global cryptocurrency market decreased by 2.64% today, falling to $2.48 trillion. Simultaneously, market volume dropped by 37.63% to $134.43 billion, indicating potential selling pressure in the markets.
While Bitcoin, Ethereum $3,625, and Solana $225 exhibited upward movements, XRP and Dogecoin $0.425531 faced declines. Some altcoins, such as MOG and Lido DAO (LDO), traded in the red, reflecting a mixed market sentiment. Bitcoin (BTC) is currently trading at $75,851, having increased by 1% in the last 24 hours.
Top Gainers and Losers of the Day
Neiro (NEIRO) ranked as the top gainer with a 22% rise, reaching $0.002443. Cardano $1 (ADA) rose by 15% to $0.4282, and Goatseus Maximus (GOAT) gained 10%. Conversely, Lido DAO (LDO) fell by 8% to $1.27, while Mog Coin and Kaspa (KASPA) decreased by 5% and 6%, respectively.
Cryptocurrency analyst Ali Martinez noted on social media that over $2 billion worth of USDT was minted, providing new liquidity to the market. This is expected to inject fresh momentum into the cryptocurrency sector.
Additionally, positive expectations prevail regarding Trump potentially adopting pro-crypto policies if he wins the elections. These developments have created a sense of optimism among traders. However, sudden fluctuations in the market lead to cautious behavior among investors.
These market fluctuations remain critical elements that investors need to monitor closely in their strategies.