
Minh Nhi
Minh Nhi
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The crypto market today is recording a clear correction. The total global capitalization is currently hovering around $2.4 trillion, down about 1.1% in the last 24 hours. The greed and fear index retreated to neutral levels as investors began to take profits after a period of hot growth. Notably, the dominance rate of Bitcoin (BTC Dominance) is increasing to 58.5%, indicating that capital is withdrawing from higher-risk altcoins to find safety in the top asset.
Performance of major currencies
• Bitcoin (BTC): Trading in the $68,000 - $69,000 range. After failing to hold the higher marks, BTC is trying to establish a new support zone to accumulate.
• Ethereum (ETH): Trending down slightly against the common ground of altcoins, currently hovering around $2,150. The ETH/BTC rate is showing slight weakness of the bulls on this largest smart contract network.
• Market bright spots: While most of the market is in the red, some individual projects still have a strong breakthrough. EdgeX recorded an impressive growth of over 20%, showing the traction of its own community campaigns and ecosystem. Anonymous coins such as Zcash (ZEC) also had a slight recovery of around 5%.
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