The total crypto market capitalization fell by 1.6% to 2.3% over 24 hours to approximately $2.47 trillion to $2.57 trillion. Bitcoin, which accounts for nearly 58% to 60% of the market, traded around $74,000, while Ethereum recorded steeper losses. The Fear & Greed Index stood between 25 and 29, briefly reaching extreme fear, and more than $1 billion in leveraged positions was liquidated. Outflows from U.S. spot Bitcoin ETFs, uncertainty involving Nvidia, concerns about crypto legislation and previous security incidents at major exchanges all contributed to the decline. There has been no clear sign of stabilization, and market participants are prioritizing capital preservation while awaiting further signals from traditional markets and the global economy.
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