Summary
- The global crypto market cap surpassed $4 trillion.
- There were net outflows from Bitcoin and Ethereum ETFs.
- Some altcoins, including Euler, showed short-term sharp gains, spurring investor enthusiasm.
The global crypto asset (cryptocurrency) market continued its upward trend, pushing market capitalization past $4 trillion. While major ETFs experienced outflows, some altcoins' sharp rallies stimulated short-term investor interest.
On the 18th (local time), according to BitMart Research, the crypto market capitalization was $4.11 trillion, up 1.63% from the previous day. However, Bitcoin (BTC) and Ethereum (ETH) spot ETFs experienced outflows. Bitcoin ETFs recorded net outflows of $201 million, and Ethereum ETFs recorded net outflows of $298 million.
The fear and greed index, which gauges investor sentiment, stood at 51, remaining in the 'neutral' zone. This indicated that despite short-term rallies, market participants are in a phase of searching for direction.
Individual assets saw significantly increased volatility. Euler (EUL) surged 335.47% in a single day, showing the most pronounced rise, while FuturePayment (FPT) rose 164.21% and PunkStrategy (PNKSTR) gained 118.95%, with a short-term rally centered on altcoins.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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