Market Overview - The global crypto market has declined by 2.2% in the past 24 hours, now valued at $3.91 trillion, while total trading volume has increased slightly to $178.5 billion [1][5] - Nine of the top 10 cryptocurrencies by market cap are experiencing daily losses, indicating a negative price action across major assets [3][8] Cryptocurrency Performance - Bitcoin (BTC) is trading at $111,488, down 1.4% for the day and 3.6% over the past week [3] - Ethereum (ETH) has dropped 4.2% in 24 hours to $4,006.79, marking one of the steepest declines among top coins [3] - Solana (SOL) leads the losses with a 5.2% drop today and over 8% for the week, currently priced at $201.23 [3] - Dogecoin (DOGE) has also seen a significant decline, falling 4.9% to $0.2312 [3] - BNB (BNB) is the only major coin showing a slight increase of 0.1% to $987.30, despite a nearly 3% decline over the past week [4] Market Sentiment and Trends - The broader market remains under pressure as major assets retrace earlier gains, with traders looking for signs of stabilization or deeper corrections influenced by macro and regulatory factors [5] - The Fear & Greed Index has risen slightly to 41 but remains in the fear zone, indicating cautious market sentiment [8] Liquidation Events - Ethereum's dip below $4,000 triggered a significant liquidation event, with one wallet losing its entire long position of 9,152 ETH, valued at $36.4 million, bringing total losses to over $45.3 million [6] Geopolitical Factors - Market sentiment briefly stabilized following former US President Donald Trump's assurance to Arab leaders regarding the West Bank, interpreted as a temporary geopolitical de-escalation [7][8] ETF Activity - Bitcoin spot ETFs have seen inflows of $241 million, led by IBIT and ARKB, pushing cumulative inflows to $57.49 billion, while Ethereum spot ETFs recorded outflows of $79.36 million [8] New Developments - Nine major European banks are collaborating to launch a euro stablecoin by 2026 under MiCA regulations, indicating a move towards regulatory compliance in the crypto space [8]