The cryptocurrency market experienced a mixed reaction today, with the global market cap declining by 1.70%, settling at $3.31 trillion. Trading volumes also fell by 4.71%, totaling $165.14 billion over the past 24 hours. Despite this, the Fear & Greed Index remained steady at 49, indicating that investor sentiment is neutral as the market continues to seek direction.

Bitcoin Faces Continued Pressure

Bitcoin (BTC) struggled to maintain its momentum, dropping 2.37% in the last 24 hours to a price of $94,297.62. Its market cap now stands at $1.86 trillion. Although its 24-hour trading volume saw a slight uptick of 1.79%, Bitcoin's price remains under pressure as market participants adopt a cautious approach.

Altcoins Show Mixed Performance

Ethereum (ETH) displayed some resilience, losing only 0.74% and trading at $3,328.24. Solana (SOL) also saw a mild decline of 0.81%, priced at $194.62. However, XRP was a standout, rising by 1.66% to $2.35, driven by renewed interest in the token.

Strike and Monero Stand Out in Gains

Among the top performers, Strike (STRK) saw a significant surge, jumping 144.31% to $18.94. XDC Network (XDC) also posted a notable gain of 5.26%, trading at $0.09382. Monero (XMR) continued its reliable performance, rising 3.87% to $195.61, a solid performer during market downturns.

Losses in Mid-Cap Tokens

On the flip side, several mid-cap tokens experienced significant losses. AI16Z led the decliners with a 20.17% drop, settling at $1.47. Thorchain (RUNE) and Virtual (VIRTUAL) also saw declines of 10.13% and 9.95%, respectively, reflecting the ongoing bearish sentiment among certain altcoins.