The capitalization of the cryptocurrency market increased by 0.07% over the past 24 hours, reaching 2.69 trillion US dollars, APA-Economics reports.
On the CoinMarketCap platform, the price of Bitcoin, the leading cryptocurrency in the market, decreased by 0.10% over the last 24 hours to 80,662 US dollars.
Meanwhile, the price of Ethereum, the second-largest cryptocurrency by market capitalization, increased by 0.04% to 2,327 US dollars.
Among other cryptocurrencies in the top ten, the price of BNB increased by 0.62%, Bitcoin Cash by 0.60%, Monero by 0.86%, and Bittensor by 1.41%. Meanwhile, the price of Zcash declined by 3.83%.
The Fear & Greed Index, which reflects market participants’ risk appetite, stood at 50 points, indicating neutral sentiment.
Analysts say the mixed dynamics in the cryptocurrency market are linked to investors assessing expectations regarding US monetary policy and global geopolitical risks.
