🌎 Crypto Market Sees Unlikely Gainers Amid Bearish Sentiment

Crypto Market Sees Unlikely Gainers Amid Bearish Sentiment

The overall crypto market remains bearish, with a mere 1.5% surge in global crypto market cap in the last 24 hours. Bitcoin and Ethereum are struggling to break through the $96,000 and $2,600 levels, respectively.

Unlikely Gainers Emerge

However, two coins have bucked the trend and seen significant price spikes. Banana For Scale (BANANAS31) has surged over 300% in the last 24 hours, with its price reaching as high as $0.003756 from a 24-hour low of $0.0008696. The coin’s recent debut on the BNB Chain could be a contributing factor to its sudden growth.

Another notable gainer is Andy BSC (ANDY), which has seen its price increase by over 220% in the last 24 hours. ANDY‘s price has risen from a 24-hour low of $0.00000001188 to as high as $0.00000006437. The token’s team has been building on the BNB Chain, which could be a driving force behind its price surge.

Top Coins See Modest Gains

Among the top coins by market cap, Solana has pumped close to 4% and reclaimed the $201 level. Solana-based meme coin Popcat has also seen its price surge by 14%, reclaiming the $0.3 level.

Crypto Fear and Greed Index Indicates Fear

The Crypto Fear and Greed Index is currently at 35, indicating fear in the market. This metric has dropped from neutral at 47 in the last week.

Global Trade Tensions Affect Crypto Risk Sentiment

Bitcoin’s price continues to waver due to ongoing fear of a trade war between the U.S. and its top partners. The U.S. has started levying tariffs on Chinese goods, which may affect trade volume worth over $450 billion. As a result, crypto risk sentiment has taken a hit.

At last check, Bitcoin was trading at $96,396.93 — up 0.4%.

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