Crypto Market Takes a Dip Despite ETF Inflows
The crypto market has taken a dip today, with Bitcoin, Ethereum, and other altcoins seeing a bearish trend over the past 24 hours.
The total market capitalization for all cryptocurrencies has decreased to $2.34 trillion, a decline of 1.89% over the last day. The general market trading volume also experienced a similar dip, falling 15.82% to $73.11 billion.
Bitcoin Takes a Hit
Despite continued inflows from Bitcoin ETFs in recent days, Bitcoin has slipped below the $65,000 mark it reached during its previous intraday trading session. Over the last 24 hours, the world’s largest cryptocurrency has fallen by 1.64% and is currently trading at $63,600.
Although Bitcoin has traded bearishly over the past day, bullish sentiment among investors remains high. LunarCrush metrics show that about 81% of investors are bullish on Bitcoin.
Altcoins and Memecoins Also Suffer Losses
The negative price trend was mirrored by altcoins and memecoins, with many experiencing losses. Over the past day, ETH, BNB, and SOL declined by 1.04%, 1.47%, and 1.12%, respectively. XRP dipped the most among top altcoins, falling 6.64% to $0.562 over the last day.
Dogwifhat Buck(s) the Trend
One coin bucked the negative market trend: Dogwifhat(WIF). The coin recorded daily gains of up to 9%, emerging as the biggest gainer of the day. The coin is trading at $2.32, an increase of 9.42% over the last day.
