In the last 24 hours, the cryptocurrency market has been trying to recover from a recent dump. The Fear and Greed Index reached a low score of 36, indicating market caution among investors. The entire crypto market reached $3.22 trillion with a daily transaction volume of $169.51 billion. Bitcoin remains the market leader with a price of $97,870 and a dominance rate of 60.2%. Ethereum is the second-largest asset valued at $2,782 with 10.4% market control. The DeFi sector remains active with a total value locked of over $157.42 billion.

$WIF experienced the highest bounce in the last 24 hours, with an 11.33% price increase. $TRUMP also saw a significant gain of 10.67%. Other coins like $PENGU, $KAS, and $LDO also rebounded despite previous price drops.

Liquidations in derivatives trading were significant, with Ethereum ($ETH) experiencing the largest at $129.20 million, followed by Bitcoin ($BTC) at $88.50 million. XRP, Solana ($SOL), and Dogecoin ($DOGE) also saw liquidation activity.

Market sentiment is cautious, but traders show conflicting bullish and bearish signals. Some traders hold long positions while others hold short positions. The crypto market demonstrates sustainable growth and resilience, with altcoins showing the potential for significant gains. The DeFi sector continues to attract users, thanks to lower fees on the Ethereum network.

Overall, the market is recovering from the recent dump and showing signs of resilience and potential profit opportunities. However, leveraged trading risks and market volatility should be taken into account.



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