- The overall crypto market capitalization remained calm overnight, wavering at $2.35 trillion.
- Bitcoin plummeted under $50K again, shocking investors.
- Ethereum hovers beyond $4K after a 0.43% price loss.
- Binance Coin stayed without action at $545.
So far, the crypto market has not registered mind-boggling losses or gains since the bearishness at the December 4 sessions. Since then, crypto participants have been restless, watching crypto market updates, targeting the lucrative tome to strike. Similar to the stock market, the crypto space remains restless. Keep in mind that individuals had invested massively in crypto. Their livelihoods depend on either bullish or bearish actions by the crypto marketplace.
For now, the best approaching is to remain patient and vigilant. The current bearishness came as bulls stepped up to push BTC past $50K. For now, the crypto market stays 0.52% down at $2,352,268,037,629 as the trading volume plunged by 6.37%.
Bitcoin Records a 1.72% 24Hr Loss
Even as most assets remain in a watch mode, market players hoped yesterday’s bullishness could propel BTC to firmer positions as far as market value is concerned. However, the alt had to drop before recording remarkable gains, dragging its market cap lower. Meanwhile, the crypto space has seen reduced interest since the bearish sentiment emerged.
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People remain worried about crypto reliability, and the bearish momentum seems to ruin everything. For now, Bitcoin trades at $48,821 with a 1.72% drop. The coin hasn’t regained footing since the December crash and appears to follow market fluctuations. Bitcoin had its market cap plunging by 2.25%, hovering at $941,108,551,817.
BNB and ETH Remain Strong, Preventing Drops
Most assets appear to lose their accrued gains at the moment. Nevertheless, ETH has not recorded sudden actions to confirm possible downswings. The alt maintained beyond $4K despite a 1.3% 24hr loss. Ether trades around $4,040 with its market capitalization lingering near $480,314,234,833.
Binance Coin presents a similar narrative. Ranking 3rd, BNB plummeted towards $537.5 overnight but recovered to levels past $540. Binance Coin has been versatile, never admitting to lows, always fighting with bearish pressure. While writing this article, BNB traded at $543.4, with a market cap of $90,701,161,949.
