Bitcoin Taps $81.6K Low as Crypto Market Sentiment Sinks Further

CN
3 days ago

Crypto markets are grappling with significant turbulence, and the leading ten cryptocurrencies by market capitalization have similarly declined in value relative to the U.S. dollar this weekend. Bitcoin has dipped 1.7%, while ethereum has shed 3.2%, and XRP has slipped 2.5% in today’s trading.

BNB has also retreated 2.5%, solana has slumped 3.6%, and Dogecoin has plummeted a steep 6%. Bitcoin is currently priced at $82,612, following a retreat to a session low of $81,629 per coin.

Bitcoin Taps $81.6K Low as Crypto Market Sentiment Sinks Further

After the fall, BTC has managed to climb back above to the $82.5K range just before 5 p.m. ET on Saturday.

The top digital asset’s market capitalization has contracted to $1.63 trillion, accompanied by $17.92 billion in global trading volume over the past day. While BTC has declined 1.7% over the past 24 hours, it has lost 2.3% against the dollar on a week-over-week basis.

Bitcoin Taps $81.6K Low as Crypto Market Sentiment Sinks Further

Crypto Fear and Greed Index (CFGI) via coinmarketcap.com.

Current indicators suggest decidedly bearish market dynamics, with the critical support level at $75,000–$70,000 likely to be tested should sentiment remain unchanged. While not yet reaching the “extreme fear” threshold, the Crypto Fear and Greed Index (CFGI) has registered a score of 27 out of 100—a notable decline from the 33 recorded the prior day.

Nevertheless, market sentiment persists in the “fear” category per the latest CFGI data. In cryptocurrency derivatives markets, $347.26 million in positions were erased today. Coinglass metrics reveal 139,263 traders faced liquidations over the past 24 hours, with $78.78 million attributed to bitcoin long positions and $72.37 million tied to ethereum long contracts.

Broadly, the sector exhibits subdued activity, and crypto exchange-traded funds (ETFs), particularly those focused on bitcoin, experienced outflows on Friday, halting a streak of ten straight days of inflows.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

OKX:注册返20%
链接:https://www.okx.com/zh-hans/join/aicoin20
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink