28-5-2025 – The cryptocurrency market soared to a staggering valuation of $3.44 trillion on May 28, reflecting a modest yet notable uptick of 0.47% from the prior day. Bitcoin (BTC), the market’s titan, briefly scaled a new zenith before a gentle retreat, driven by investors cashing in profits and substantial trades from major players. Nevertheless, BTC holds firm near its lofty heights, buoyed by encouraging regulatory shifts and growing confidence in broader institutional embrace. Ethereum (ETH), ever the close companion, shadowed Bitcoin’s trajectory with only faint ripples in its market performance.
Market sentiment, as captured by the Fear and Greed Index, rests at a robust 68, firmly entrenched in the realm of ‘Greed’, signalling bold optimism among traders. A long-short ratio of 1.08 further underscores this bullish tilt, with investors leaning towards gains. Conversely, altcoins have largely faltered, their momentum dimmed by the absence of a cohesive theme or catalyst to unify the market’s direction.
For those navigating these digital waters, vigilance is paramount. Keeping a keen eye on capital movements and evolving market moods will be crucial in the days ahead.
