Market Updates
The market is getting weaker, the Fear and Greed Index is stable at 47, but BTC dominance has increased to 61.23% (+0.94%), this directly means that people are selling altcoins and moving to BTC or altcoins are falling sharply, the total market cap is $3.09T (-1.27%) and altcoin cap is $1.20T (-2.71%) is decreasing.
• BTC $95,458 (-0.87%) BTC is falling, but there is no such pressure on altcoins, this means that people are not dumping BTC, but simply exiting altcoins.
• ETH $2,668 (-0.48%) is holding up better than BTC, but is still negative, this means that the altcoin market is completely weak.
• SOL $167 (-8.43%) SOL is being slaughtered, this means there is a liquidation or some big whale is exiting.
• BNB $648 (-3.50%) and other major altcoins are also under heavy pressure, XRP -3.79% and DOGE -5.38%, this means people are leaving memes and high risk altcoins.
