The latest situation in the Crypto Market Bitcoin continues to trade in a narrow range Solana at a critical support level

As of the beginning of the week in the cryptocurrency market, the total market value decreased by 1.2% to 3.19 trillion dollars in the last 24 hours, while the daily trading volume recorded a 13% increase to 66.4 billion dollars. The Fear and Greed Index, which measures the market's sensitivity, fell to the 38 level, returning to the "Fear" zone.
Bitcoin is trading in a narrow range at 96,000 dollars
Bitcoin (BTC), falling %1 in the last 24 hours, dropped to the level of 96,400 dollars. BTC, fluctuating between 96,051 and 97,672 dollars during the day, is trying to find direction under the influence of macroeconomic uncertainties. While the market value of Bitcoin is at the level of 1.90 trillion dollars, a 17.25% increase in daily trading volume was recorded.
Despite the market fluctuations, the interest of institutional investors in Bitcoin continues. Japanese investment firm Metaplanet announced that it has provided a fund of 26.1 million dollars with the goal of reaching 10,000 BTC by the end of 2025. This development highlights the importance of Bitcoin among institutional investors.
Ethereum and XRP are in a downtrend
In Ethereum, (ETH), daily movements occurred between 2.655-2.724 dollars, while open positions of futures fell by (OI) %0.5 to 22.95 billion dollars.
XRP is trading at $2.68 with a 3.5% loss parallel to the general market downturn. The intraday movements occurred between $2.70 and $2.80. The open positions in the XRP futures market fell by 5% to $4.10 billion.
Solana is approaching a critical support level
Solana, the highest market value cryptocurrency, experienced the biggest loss (SOL) among high-value cryptocurrencies. Solana fell to as low as 184 dollars with a nearly 6% drop, approaching the critical support level of 181 dollars.
Solana's price fluctuated between 184-196 dollars in the last 24 hours. However, open positions in the futures market increased by 9% to 5.88 billion dollars. This may indicate that investors are considering the decline as a buying opportunity. Solana started the week from the level where it last found support in the first days of January.
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