The crypto market has shown stability over the previous day, with the global market cap now sitting at $2.14 trillion. Investors remain cautious, as the Fear & Greed Index is at 37, signaling the presence of fear. In the meantime, the legal happenings around the Bitfinex hack continue, as the U.S. prosecutors suggest an 18-month prison for Heather Morgan, for being involved in the laundering of 120,000 stolen Bitcoin.
Bitcoin price has held its ground firm as it rises just above the $61k mark. Irrespective of the minor fluctuations, BTC price seems to be ranging within a predictable bandwidth. Successively, investors are keen on the psychological resistance at $65k, which is the crucial level for traders.
Ethereum price has built some momentum, rising up by 0.75% to its price tag of $2,416.99. Other notable altcoins, such as Solana and XRP have also registered modest gains of 1.51% to their price tags of $141.91 and $0.5352.
Celestia has emerged as the frontrunner in the top gainers list with an 8.05% surge over the previous day. Dogwifhat has also made notable moves, rising by 6.24%. Sui also showed promising numbers with a 5.60% gain.
However, not all is rosy. Fantom takes a hit, dropping by 5.81%, leading the pack among today’s top losers. Helium and FTX Token also saw declines, with losses of 3.87% and 2.54% respectively.
As the market navigates through a mix of gains and minor losses, traders are cautiously optimistic, with many looking for signs of stronger momentum. This comes as Fidelity continues investigating a data breach affecting 77,000 customers, adding to the complexity of the market’s dynamics.
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