Bitcoin trades close to $29,000, BTC fear and greed index dips

In past week, Bitcoin-related funds experienced a substantial outflow of $13 million, marking a notable reversal from five consecutive weeks of bullish inflows. ding to concern, Bitcoin fear and greed index declined to 50 out of 100, slipping by 5 points, reflecting a growing sense of caution in market.

Amidst regulatory landscape, CEO of Binance, one of world's largest cryptocurrency exchanges, has taken significant action in response to a complaint by Commodity Futures Tring Commission (CFTC). complaint alleges that Binance engaged in sale of unregistered securities. CEO filed two motions seeking to dismiss complaint, and outcome of this legal battle could have implications for broer cryptocurrency industry.

In meantime, cryptocurrency space witnessed anor significant development as Sam Altman, CEO, OpenAI, launched a new crypto token called "Worldcoin." This launch me waves in market, resulting in an impressive surge of over 33 per cent in Worldcoin's price. newly launched token also achieved a remarkable tre volume of over $145 million.

Prices listed were last checked at 10:00 am today according to Investing.com 

Bitcoin (BTC) 

Bitcoin is presently hovering near $29,082.4, recording a substantial decline in last week’s bullish sentiment. market cap for Bitcoin has also reduced to $565.8 as market outflows continued. 

Ereum (ETH) 

Ereum has also lost 1.25 per cent in last 24 hours bringing price down to $1,847.58 at time of writing this report. On or hand, market cap for ETH also showed decreased to reach $221.98 billion.

Dogecoin (DOGE)

Dogecoin has gained 8.57 per cent in last 24 hours, reaching week's high at $0.07709. market cap for Dogecoin has also moved up to cross $10 billion mark, reaching $10.81 billion. 

Litecoin (LTC) 

Litecoin has shown a 3.51 per cent decline in its price with market cap slipping furr to $6.5 billion. Some on-chain experts have also predicted furr crashes in Litecoin prices before halving takes place.

Solana (SOL)

Solana lost 4.6 per cent in last 24 hours with market cap slipping to $9.3 billion. 

Ripple (XRP) 

Ripple has also ended up with red candles as prices fell furr by 5.31 per cent in last 24 hours. market cap for same has also fallen to reach $36.43 billion.