This is What Is Happening in the Crypto Market Today!

The cryptocurrency market has incurred a minor pullback, after a healthy sprint the previous day. As a result, the total market cap of the business is hovering around $3.6 trillion, at the time of publication. Amidst the setback, the trade volumes too have shot down by 5.86%, settling at $203.43 billion. The falling numbers have hammered investor sentiment, which is clearly evident with the Fear & Greed Index now highlighting a “Greed” score of 78, from the previous day’s score of 81. 

Bitcoin Price Now Backed by ETF Inflows?

After a steamy run to its 24-hour peak of $102,524.91, Bitcoin price has dropped to $99,972.22 during press hours. The move was also catalyzed by its trading volumes sinking by 16.04% to $68.47 billion. Contrarily, Bitcoin ETFs made it to the headlines, with notable inflows. BlackRock’s “IBIT” ruled the show, with a $431.6 million inflow, and Grayscale’s “BTC” followed next with $110.8 million. Tallying up, Bitcoin ETFs posted a net inflow of $597.5 million, maintaining a positive 11-day streak.

Wondering if the BTC price will hit $1,10,000 in December? Read our Bitcoin Price Prediction for all the details!

Altcoins Give Mixed Signals?

Ethereum, the largest altcoin saw a subtle dip of 0.56% in its price to $3,911.47. Solana on the other hand incurred a slip of 2.50%, while XRP saw a steeper 4.17% fall. While the blue-chip altcoins registered reddish numbers, the market did boast top performers.

Interested in ETH’s potential future price targets? You need to check out our Ethereum Price Prediction!

Successively, the front runners from the top 100 include VIRTUAL, LDO, and CORE, rising 12.88%, 8.80%, and 6.24%, respectively. On the losing side, MOVE, ALGO, and TAO saw plunges exceeding 9%, highlighting volatility among smaller-cap tokens.

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