The crypto market has recorded low trading activities over the last day, which is evident in the overall market volume, which has decreased by 9.10% to $86.1 billion.
While global market capitalization has also decreased by 0.89% to $2.41 trillion, the market has seen slow price movements among major cryptocurrencies.
Bitcoin Holds Above $66,000
Amid today’s mixed price actions, Bitcoin is seen getting a grip on the market volatility as it holds steady above $66000. The coin slumped slightly by 0.65%, trading at $66,682 as of writing time.
Notably, the streak of massive inflows recorded by spot Bitcoin ETFs over the past week appears to have strengthened the asset against the pressure from notable selling activities over the past day.
Despite Bitcoin’s stable price action, investors are still confident in the coin’s potential, as LunarCrush metrics show that 83% of sentiment votes on Bitcoin are bullish.
Ethereum Stable Despits ETF Launch
Ethereum also traded slowly, resiliently trading above $3400 with a slight dip in price over the last 24 hours. While Ethereum reflects similar price trends to Bitcoin, investors have also held their trust in the coin, as data shows that up to 88% of investors are bullish on the assets.
Data provided by CoinMarketCap shows that Ethereum is trading at $3459 as of writing time, a decrease of 0.08% over the last 24 hours. Ethereum’s resilience against the broad market negative trend is attributable to renewed interest triggered by the launch of spot Ethereum ETFs approved by the SEC today.
Nonetheless, the broad altcoin market is experiencing a blood bath as more than 90% of the top 100 altcoins are trading on a bullish trajectory. In contrast, a few others defied the negative trend with decent price pumps over the last day. Notably, Ethereum Name Service (ENS) led the few gainers of today with a price pump of 11.12% over the previous day.
