The cryptocurrency market has started on a mild bull activity today, with the global market cap recording a 0.04% increase, taking the total cap to $1.18 trillion. The fear and greed index is currently at 52, a neutral position according to CoinMarketCap.
Cryptocurrency Market Update: Slow Momentum as Optimism Dominates
Bitcoin (BTC) is encountering some bull activity as the asset continues to face resistance at $30K and is now trading at $29.3K after recording a daily rise of 0.06%. Bitcoin’s trade volume has gained 71% during the same period and is presently at $10.4B.
Ethereum (ETH) has started today slowly, as the asset now sits on mild losses of 0.4% within a day of trading to take it to $1866. ETH’s trading volume dropped by 82% to $4.6B.
Litecoin (LTC) trades 1.1% below its previous 24-hour price, with a spot price of $93.21. LTC’s trading volume has seen a 15% increase within the same period to $639M.
Optimism (OP) is having a tremendous session today as the asset trades 6.5% above its previous 24-hour price. The weekly gain currently stands at 7.7%, as the asset’s spot price currently stands at $1.68.
Other trending tokens
Other trending tokens in today’s session are Uniswap (UNI) which has earned 2.2% within the same period to take its price to $6.4964, while Dogecoin (DOGE) is also making trends despite failing to post gains as it is now trading at $0.07856 which is 1.6% below its previous 24-hour price.
As the DeFi space evolves, maintaining up-to-date code bases, applications, and operating systems becomes paramount to ensure the security of users’ funds and the overall stability of decentralized finance protocols.
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