The cryptocurrency market experienced significant turbulence today, forcing its market capitalization to drop 2.63% to $3.67 trillion. The unrest was seen to hamper trading activity as volumes also fell 1.32% to $203.4 billion. However, the Fear & Greed Index did not budge much as it continued to indicate a score of 80, indicating the presence of extreme greed among market players.
Binance cancels WRX, AKRO and BLZ
In a shocking move, Binance has cited the removal of three tokens (WRX, AKRO and BLZ) from its exchange. This has caused an immediate market reaction, with WRX plummeting 40%, AKRO losing 25% and BLZ falling 24% within hours.
Bitcoin takes another dip?
Bitcoin price fell 1.98% to $104,923.94, while intraday trading volumes fell 2.78% to $77.35 billion. Despite the pullback, Bitcoin remains a haven as it still holds a lion’s share of the market at 56.47%.
For insight into the future of Bitcoin, explore our Bitcoin price prediction.
Altcoin Watch: Winners and Losers
Ethereum’s price fell 3.12% on the daily charts to $3,884.64 amid broader market uncertainty. Solana also followed the trend and fell 1.57% to $217.45. XRP, on the other hand, faced a sharper decline of 4.39% to $2.57.
For the detailed analysis of Ethereum, check out our Ethereum price prediction page.
Dear Winners and Losers:
PENGU emerged as the standard-bearer among the gainers, rising 587.47%. Meanwhile, BGB and MOVE posted notable gains of 13.74% and 7.72% respectively. On the other hand, HNT -11.33%, PYTH -10.48% and DYDX -9.80% lost against their price tags.
Frequently asked questions
Binance did not provide specific reasons for the delisting, but such decisions typically stem from regulatory concerns or insufficient trading activity.
The Fear & Greed Index stands at 80 and warns of ‘extreme greed’ in the market.
PENGU led the gains, rising an impressive 587.47% in the past 24 hours.