Crypto Market Overview: Jan 23, 2025

Major Cryptocurrencies

• Bitcoin (BTC): Priced at $102,384.30 with a 2.77% decrease in value.
• Ethereum (ETH): Priced at $3,208.05 with a 3.08% decrease in value.
• Binance Coin (BNB): Priced at $684.13 with a 2.16% decrease in value.
• Solana (SOL): Priced at $248.10 with a 3.02% decrease in value.
• XRP: Priced at $3.1267 with a 1.29% decrease in value.

This indicates a bearish trend across the top cryptocurrencies.

Fear and Greed Index

• At a score of 60, this shows that the market sentiment leans toward Greed, suggesting that traders are optimistic but may also be prone to overvaluation risks.

Altcoin Season Index

• A score of 45 out of 100 indicates it is not yet Altcoin Season, meaning Bitcoin's performance still has a strong influence over the market compared to altcoins.

Crypto Market Cap

• The total market capitalization is $3.53 trillion, with a trading volume of $147.54 billion. This shows the size and activity of the market over the selected period.

Market Performance Chart

• The line chart shows fluctuations in the total crypto market cap over the past 30 days, with periods of growth and decline.
• Recent movements suggest some consolidation or correction following an earlier surge.

CoinMarketCap 100 Index

This index, representing the performance of the top 100 cryptocurrencies, is at $218.09, down 2.87%, reflecting the broader market downturn.

Crypto ETFs Net Flow

• The net flow is - $113 million as of January 22, 2025.
• The bar chart displays inflows (positive) and outflows (negative) for crypto ETFs over the last 30 days.
• The negative figure indicates more money is leaving crypto ETFs than entering, suggesting reduced investor confidence or profit-taking activities.

Bitcoin Dominance

• Bitcoin accounts for 57.5% of the total cryptocurrency market cap.
• Ethereum follows at 11.0%, while all other altcoins collectively make up 31.5%.
• This high dominance for Bitcoin indicates its continued role as the most significant and stable cryptocurrency in the market, often attracting capital during market uncertainty.

Open Interest

• Perpetual contracts: $628.23 billion, reflecting active and unsettled contracts in perpetual futures trading.
• Futures: $4.38 billion, representing traditional futures market activity.
• High open interest suggests strong speculative activity in the market, with traders betting on future price movements.

Volmex Implied Volatility

• Bitcoin's implied volatility (IV) is 65.04, while Ethereum’s is 73.27.
• Higher IV for Ethereum implies greater expected price swings or risk compared to Bitcoin.
• These values are used to gauge market uncertainty, with higher IV typically associated with increased trader caution.

Ethereum Gas Fees

• Slow: 3.75 Gwei (~126 seconds)
• Standard: 3.80 Gwei (~126 seconds)
• Fast: 4.25 Gwei (~45 seconds)
• These values show transaction processing speeds and associated costs in the Ethereum network.
• Gas fees are currently low, suggesting reduced network congestion.

Note: The data provided here is accurate as of the time of writing. Please verify with the latest updates, as market conditions, trends, and regulations in cryptocurrency can change rapidly.