Crypto Market Stabilizes After Epic Rally as Investor Greed Hits Fever Pitch
Crypto bulls catch their breath—but the greed index screams 'danger.'
After a parabolic surge that left traders scrambling, digital assets enter consolidation mode. The market's holding steady...for now. Meanwhile, the Fear & Greed Index flirts with extremes not seen since the last cycle's blow-off top.
When Lambo? Not so fast.
Retail FOMO meets institutional froth as Bitcoin dominance wavers. Altcoins bleed against BTC pairs while stablecoin reserves swell—classic profit-taking behavior before the next leg up...or down. (Pro tip: Wall Street's 'risk-on' signals haven't been this contradictory since the 2021 NFT bubble.)
Smart money's playing both sides: stacking sats while quietly shorting overleveraged degens. The real winner? Crypto exchanges raking in fees from both sides of the trade—some things never change in finance's wild west.
Friday’s noteworthy growth, which saw Bitcoin ($BTC) touching the new ATH above $118K, has filled investors with optimism. Based on the market data, the cumulative crypto market capitalization has reached $3.67T following a 0.76% increase. However, the 24-hour crypto volume displays a slight 2.42% dip at $202.3B. At the same time, the crypto Fear & Greed index has entered the “greed” zone, accounting for 69 points.
Bitcoin ($BTC) and Ethereum ($ETH) See Slight 0.11% and 1.67% Dips
The top crypto asset, Bitcoin ($BTC), is now trading at $117,693.02 after touching the all-time high price of up to $118,856.47. The current price of $BTC denotes a minor 0.11% drop over the past twenty-four hours. In addition to this, its market dominance is 63.8%. Simultaneously, ethereum ($ETH) has witnessed a 1.67% decrease over the same time, reaching $2,954.04. Along with that, the flagship altcoin’s market dominance stands at 9.7%.
$FTW, $GROK, and $TRUMP Lead Crypto Gainers
Concurrently, Black Agnus ($FTW), BOME GROK ($GROK), and Mubarak Trump ($TRUMP) are the leading players among crypto gainers. In this respect, $FTW shows a 18711.12% increase at $0.00000009357. Subsequently, $GROK has attained the $0.0002158 mark after a 2314.36% rise. Following that, $TRUMP enjoys a 2294.77% spike while trading at $0.00004468.
DeFi TVL Climbs by 0.79% While NFT Sales Volume Records 15.14% Decrease
Similarly, the DeFi TVL has risen by 0.79% to touch the $126.667B mark. Nonetheless, AAVE, the top DeFi project in the case of TVL, has seen a slight 0.58% dip to reach $28.78B. On the other hand, when it comes to 1-day TVL increase, DegenSwap has jumped by 183896% over 24 hours.
Apart from that, the NFT sales volume has declined by 15.14%, touching $22,975,338. Nevertheless, the top-selling NFT collection, Pudgy Penguins, has recorded a 560.94% rise to reach $2,116,157 in sales volume.
Crypto Groups Push CLARITY Act as Grayscale Flags ETF Losses
Overall, the wider crypto market has also experienced several other considerable developments. Specifically, the prominent crypto trading groups, including Crypto Council, The Digital Chamber, and Blockchain Association, have urged the U.S. policymakers to advance CLARITY Act’s Passage.
Moreover, William J. Pulte (the Chairman of the Board of Fannie Mae and Freddie Mac) has endorsed unverified reports about the resignation plan of the Federal Reserve Chairman Jerome Powell. Furthermore, as per Graysccale, investors are incurring huge losses because of the U.S. SEC’s unexpected halt on ETFs that holds $BTC, $ETH, $XRP, $SOL, and $ADA.
