Daily Crypto Update: Bitcoin Loses Steam, Fear & Greed Index Hits Neutral

After a bearish day, the crypto market lost its footing on Wednesday. Most of the top coins, including Bitcoin and Ethereum, lost more than 1% in 24 hours.

BTC fell below the 64k-dollar mark, while Ethereum also lost its 2,600-dollar haven. According to Cointree, the dip pushed the Fear and Greed Index back to “Neutral.” The metric stood at 59 on Wednesday and is back to 50 today.

Despite the fluctuation, a handful of altcoins and emerging tokens offered profit to traders. Here is a quick overview of the market with the latest updates to help traders make smart investments.

Bitcoin

The largest crypto lost 1.42% in the past 24 hours, falling below its 64k-dollar mark. The coin still boasts 2.02% of weekly growth with a market value of 63,241 dollars. 

However, the crypto is showing resilience and not moving under the 63k-dollar mark. In the meantime, the BTC ETFs are close to hitting 1 million BTC, offering hope for Bitcoin holders. BTC found its first major support at 62,993 dollars, while the new resistance had to cross 64,000 dollars.

Ethereum

Ethereum followed Bitcoin closely, losing 1.11% value in 24 hours. The crypto is on the verge of surpassing the 2,600 dollar mark and is consistently testing the benchmark.

Its 7-day performance chart still shows a growth of 7.70%, beating most top cryptos. Ethereum is currently trading at 2,599 dollars and is anticipated to easily surpass 2,620 dollars. Its first major support level is at 2,530 dollars, while its resistance level is placed at 2,644 dollars.

Shiba Inu

On Wednesday, SHIB managed to accrue a 24-hour growth of 4.32%. The meme coin is currently trading at 0.0000156 dollars, with a weekly growth of 11.90%.

An anonymous user recently withdrew 770 billion SHIB from the token. The implications of the withdrawal are yet to be seen. However, SHIB holders are expecting the meme coin to breach the top 10 cryptocurrencies (currently at 13) in the coming month.

Worldcoin

WLD, or Worldcoin, was the absolute standout performer on Wednesday with a daily growth of 10.89%. 

The project aims to establish the world’s biggest financial and identity network as a public utility. Its recent affiliations have helped the coin accumulate a weekly growth of 29.86%. The coin has crossed the 2-dollar mark and is currently trading at 2.08 dollars. 

The coin recently entered three new countries and is planning a 58-million-dollar Unlock Event as well. Hence, traders are expecting the coin to soon test the 5-dollar mark.

Sui

After skyrocketing at the start of the week, Sui failed to continue the momentum on Wednesday. The coin lost 2.83% in 24 hours, but its 7-day performance chart still shows  growth of 24.24%.

On a similar note, its monthly performance shows a whopping growth of 76.71%. The coin is trading at 1.70 dollars and is eyeing the 2-dollar mark. Analysts have noted that SUI is following Solana’s historic price pattern, setting it for an unmatched surge.