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Crypto market dips as investors stay calm

The crypto market is taking a light hit today, Tuesday.

By Mike Hesp
• 2 min read
Crypto market dips as investors stay calm

The crypto market is taking a light hit today, Tuesday. The total market cap has fallen 2.7% over the last 24 hours. Yet investors remain noticeably calm or even strategic.

The biggest losers of the day are Bonk, SUI, and Pi Network, each down more than 5%. SUI is down 12% on the week.

At the top, the declines are modest. Bitcoin falls 0.8% and hovers around the $109,000 mark. Ethereum fares even better, down 0.5%, though the seven-day picture is slightly in the red.

Among the top ten, XRP stands out with a 2.4% drop in 24 hours. Solana is down just under 3%, while Dogecoin and Cardano lose about 2%. Tron is the only top coin gaining, up 0.9%.

Notably: despite the pullback, the Crypto Fear and Greed Index rises by one point to 74, keeping it firmly in the "Greed" zone. According to on-chain data from CryptoQuant, investors aren’t panicking, but are actively accumulating. "Rather than being deterred by short-term volatility," say the analysts, "many investors view these liquidity dips as a prime opportunity to strengthen their positions and prepare for the next upcycle."

Later today, the market could move when May's US consumer confidence numbers are released. Analysts expect a slight uptick. If confidence does recover, a positive reaction in risky assets like crypto isn’t out of the question.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.