CandleFocus Extreme Greed and Liquidations Hit Crypto Market
2024-12-02
Author: Content Editor
On December 2, 2024, the cryptocurrency market reached new milestones and experienced extreme market optimism. The global crypto market showed robust activity with over 31,300 currencies circulating and a total market capitalization of $3.39 trillion. Bitcoin and Ethereum remained dominant, with Bitcoin holding 55.5% dominance. The Fear and Greed Index indicated "Extreme Greed" with a score of 80. Bitcoin and Ethereum faced volatility, with high liquidation figures. Altcoins had mixed fortunes, experiencing dips and recoveries. XRP saw the highest liquidations at $65.32 million. Traders and investors were cautioned to be cautious in the face of extreme greed and unpredictable price movements.
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