Crypto Markets Today: Privacy Tokens Shine, Majors Stall as Market Consolidates

The crypto market is currently consolidating as it awaits a catalyst, with Bitcoin, Ethereum, and Solana slightly declining. Privacy-focused tokens such as Decred gained 22%, while Dash and Monero recorded increases of 4.5% and 3.4%, respectively. The overall crypto market cap decreased by 0.6% to $3.51 trillion, but remains above the previous week's low of $3.32 trillion. The Fear and Greed Index stands at 26/100, indicating a fearful market sentiment. Analysts expect increased price volatility as traders watch for developments from the U.S. government concerning cryptocurrency policy changes. Volatility indicators like the BVIV index indicate turbulence ahead, while derivatives positioning shows a mixed outlook amongst key tokens. Despite gains in privacy tokens, leading cryptocurrencies like Ether and BNB have dipped 1%-2%, contributing to market indecision and the necessity for external catalysts to drive momentum.

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