Overview
The latest market data from Binance reveals a diverse landscape of price changes, market sentiment, and notable movements among cryptocurrencies. Here's a detailed breakdown of the key insights and trends observed.
Price Change Distribution
The price change distribution indicates a significant skew towards declines, with 1,126 coins experiencing price drops and only 112 coins showing positive growth:
Price up: 112 coins
10% increase: 3 coins
7-10% increase: 4 coins
3-6% increase: 21 coins
0-3% increase: 80 coins
Price down: 1,126 coins
0-3% decrease: 154 coins
3-6% decrease: 221 coins
6-7% decrease: 284 coins
7-10% decrease: 350 coins
10% decrease: 117 coins
This distribution indicates a predominantly bearish market with most coins experiencing significant declines.
Top Movers
The top movers highlight the most notable gains and losses:
Declines:
MLN/BTC: -5.08% (Pullback)
BETA/USDT: -5.89% (Pullback)
VIC/USDT: -6.23% (Pullback)
CELR/BTC: -13.05% (New 7d L)
ANKR/BTC: -6.39% (New 24h L)
Gains:
SANTOS/USDT: +5.00% (Rally)
ENA/USDT: +5.70% (Rally)
ENA/BTC: +5.16% (Rally)
XRP/BTC: +7.64% (New 7d H)
CVP/USDT: +29.86% (Small-Cap Rally)
Crypto Fear & Greed Index
The Crypto Fear & Greed Index stands at 68, indicating a 'Greed' sentiment:
Yesterday's index: 69 (Greed)
Last week's index: 61 (Greed)
A high index value suggests a potential market correction, with current sentiment leaning towards optimism and aggressive buying.
Notable Coins
Hot Coins:
BNB: $560.30 (-4.01%)
BTC: $64,000 (-3.57%)
ETH: $3,130 (-9.14%)
New Listings:
BANANA: $58.19 (-8.86%)
ZRO: $4.47 (-6.41%)
LISTA: $0.5137 (-8.95%)
Top Gainers:
CVP: $0.3131 (+29.86%)
CITY: $2.34 (+7.60%)
GFT: $0.02144 (+5.93%)
Top Volume Coins:
BTC: $64,000 (-3.57%)
ETH: $3,130 (-9.14%)
SOL: $166.87 (-5.79%)
Conclusion
The current Binance market data reflects a predominantly bearish trend with a significant number of coins experiencing declines. The Fear & Greed Index's 'Greed' sentiment indicates a cautious approach, warning of potential market corrections. Notable coins like BTC and ETH have seen substantial price drops, while some new listings and top gainers have shown resilience and upward momentum. Investors should consider these insights when making trading decisions in the volatile crypto market.
Disclaimer: The information provided in this article is intended for informational purposes only. Cryptocurrency trading involves significant risks, and it is advised to conduct thorough research before making any financial decisions. If you find any mistakes in this article, please let me know in the comments. Thank you.