The global cryptocurrency market cap now stands at $2.66 trillion, down 4.95% over the past 24 hours, reflecting growing uncertainty as markets monitor U.S. Fed nominee developments. Bitcoin ($BTC ) has been trading between $75,720 and $83,300 over the last day. As of 09:30 AM (UTC), BTC is at $78,685, down 5.25%, signaling a broader trend of risk-off sentiment across major cryptocurrencies.
Most top cryptocurrencies by market cap are trading lower.
Ethereum (ETH) dropped 8.60% to $2,413.44,
BNB fell 7.15% to $777.58,
and $SOL declined 9.24% to $105.05. Other notable declines include
DOGE -5.54%, ADA -4.86%, and WBTC -5.38%.
The largest outperformers are $ZKP +36%, ZK +22%, and C98 +20%, highlighting pockets of opportunity even amid market weakness.
Several macro events are influencing sentiment today. Former President Trump seeks Democratic support for Fed nominee Warsh, signaling potential changes in U.S. monetary policy. In Asia, South Korea plans to promptly implement U.S. investment legislation, while Japan’s Prime Minister clarified comments on yen depreciation. India’s budget focuses on financial stability and emerging technologies, and the National Stock Exchange updated pricing for gold and silver ETFs. In the corporate sector, Nvidia CEO commits to significant investment in OpenAI, reflecting the continued intersection of AI and financial markets.
Market indicators show that Bitcoin accumulation has fallen below a key threshold, suggesting caution among institutional and retail investors. Meanwhile, Middle Eastern investment in a Trump-linked crypto firm has drawn attention, indicating that geopolitical considerations continue to shape crypto flows.
Overall, today’s crypto market reflects a mix of caution and selective opportunity. Investors are closely watching macroeconomic signals, regulatory moves, and high-profile investments as Bitcoin and major altcoins navigate heightened volatility. The combination of political developments, policy uncertainty, and large-cap performance underscores the need for measured risk management in the current environment.
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