TLDR
- The crypto market dropped 2.77%, with a total market cap of $2.58 trillion amid a macro-driven sell-off.
- Bitcoin, Ethereum, and BNB saw weekly losses of over 12%, 22%, and 13%, respectively.
- XRP, SOL, DOGE, ADA, and TRX extended declines, with Cardano down 17.13% weekly.
- The Fear and Greed Index at 15 indicates extreme fear and low investor confidence.
- The Altcoin Season Index at 31 signals weaker altcoin momentum and a Bitcoin-dominant trend.
The crypto market is down by 2.77% today, with the total market cap at $2.58T amid a sharp macro-driven sell-off. This decline tracks the hawkish nomination of Kevin Warsh as the next Fed Chair, which has tightened liquidity expectations. The selloff coincides with a 61% correlation to gold, showing a shared sensitivity to rising rates. The crypto market today recorded over $152 billion in 24-hour trading volume, with major assets showing broad price corrections.
Bitcoin, Ethereum, and BNB Prices Fall as Downtrend Holds
Bitcoin traded at $76,817.33, down 2.36% in 24 hours and 12.43% over the past week. Its hourly change remained flat, up by 0.07%, reflecting limited intraday momentum. Ethereum reached $2,243.45, posting a 7.02% decline over 24 hours and a weekly drop of 22.59%.
Source: CoinMarketCapDespite this, Ethereum saw a slight 0.20% gain within the last hour. This suggests the token attempted a short recovery during intraday trading in the crypto market today. BNB traded at $756.96 after a 2.73% daily decline and a 13.15% loss over seven days. The token’s 0.55% hourly gain provided brief support following sustained selling pressure.
XRP, SOL, DOGE, ADA, TRX Extend Weekly Losses
XRP dropped 4.34% in 24 hours to $1.59 and has now lost 15.62% across the week. Solana fell to $101.66, recording a 3.55% daily drop and a steeper 16.91% loss over seven days. The token posted a marginal 0.16% hourly gain as the crypto market today remained in correction mode.
TRON traded at $0.2838 after losing 0.87% in 24 hours and 4.05% over the week. Dogecoin traded at $0.1036, down 2.07% over the last 24 hours and 14.71% over the past week.
A 0.25% hourly uptick appeared insufficient to reverse losses across the meme coin sector. Cardano traded at $0.2882, down 2.71% daily and 17.13% weekly, despite gaining 1.34% in the past hour.
Crypto Market Fear Sends CMC20 and Altcoins Lower
CoinMarketCap’s CMC20 Index dropped 3.47% daily and 14.26% over the week and is now priced at $156.88. It gained only 0.22% over the past hour. The crypto market today recorded widespread losses across top assets.
Short-term gains in hourly trends failed to offset the broader downward pressure seen throughout the market. The Fear and Greed Index sits at 15, signaling extreme fear across the market.
The Altcoin Season Index stands at 31, placing the market in Bitcoin season rather than altcoin-led trends. This shows weaker momentum in altcoins versus Bitcoin during the downturn.
The post Crypto Market Today: 12% Weekly Dip Sends Bitcoin Price Below $77K appeared first on Blockonomi.
Source: https://blockonomi.com/crypto-market-today-12-weekly-dip-sends-bitcoin-below-77k/
