Daily Crypto Update: Correction and Greed Remain Prevalent

The crypto market is undergoing a correction, with top cryptos losing momentum. Bitcoin is struggling to stay above the 67k-dollar mark, while Ethereum is dropping to 2,600 dollars.

The Fear and Greed Index still shows signs of Moderate Greed among investors. According to Cointree, the metric is at 71 despite the fluctuations. TRON remains the only crypto in the top 10 ranks to not lose value in 24 hours.

During this period, only altcoins such as Celestia and Beam experienced significant growth. Here is a quick overview of the market with the latest developments across the world.

Bitcoin

BTC fell prey to the ongoing correction and lost its 67k-dollar mark. In the past 24 hours alone, the crypto has lost 1% value.

It is trading at 66,900 dollars with a weekly drop of 0.06%. Even the Bitcoin Spot ETF recorded an outflow of 79 million dollars on Tuesday. Tesa has also announced a 700 million-dollar BTC transfer, creating chaos among traders.

The market leader has lost 21.28% of its sales volume in the past 24 hours, and this trend is likely to continue.

Ethereum

Ethereum also followed in the footsteps of Bitcoin, losing its 2,700-dollar mark in concrete terms. In the past 24 hours, the coin lost 1.58% value.

ETH is trading at 2,611 dollars with a meager 0.26% weekly surge. The network has not made any major developments and is merely relying on market forces. The nearest resistance level ETH has to face is 2,663 dollars.

In contrast, the coin is anticipated to challenge its support level of $2,603 today.

TRON

TRX remained the standout within the top 10 ranks as the only coin (except stablecoins) that did not lose value in 24 hours.

The coin gained 0.43% on Tuesday, and it trades at 0.1602 dollars. Its seven-day performance chart also shows a 0.75% surge, which pales in front of DOGE (17.45%) and SOL (7.67%).

Even then, TRON is expected to continue its momentum into the weekend.

KiteAI

KITEAI, a chatbot platform powered by AI, has revolutionized the market. Its native token gained more than 30% value in 24 hours, a number that could have been higher if not for the market correction.

Its 7-day performance shows a 40% surge, valued at 0.00006042 dollars. The platform has not made any significant developments since its release. Given its recent entry into the market, traders are skeptical about the coin.

Celestia

TIA, or Celestia, is one of the rare coins that surged 4.11% in the past 24 hours. The coin is eyeing the 6-dollar mark, and it trades at 5.98 dollars right now. 

Its 7-day performance chart also shows a 1.03% surge, while its monthly growth is 9.46%. The coin has experienced a 23.04% growth of 121.91 million dollars. Over the next few days, TIA is also expected to grow.