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

The crypto market is consolidating as it awaits a catalyst. The total market cap slipped 0.6% to $3.51 trillion, with decred (DCR) soaring 22%, while Dash (DASH) and Monero (XMR) also enjoyed gains. Major cryptocurrencies like Bitcoin and Ethereum dipped less than 1%, prompting speculation about potential volatility following developments from the U.S. government. The Fear and Greed Index has dropped to 26/100, in fearful territory, often leading to rebounds. Traders are expressing caution due to thin liquidity and macro concerns, with activity in futures showing mixed results. The market sentiment is reflected in the indecisive altcoin performance, as several large tokens also recorded losses. Analysts note that a lack of significant buying interest persists, as trading volumes remain subdued alongside funding rates for Bitcoin and Ethereum.

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