Benzinga - by Shivdeep Dhaliwal, Benzinga Editor.
Major coins like Bitcoin and Ethereum traded lower on Sunday evening as the global cryptocurrency market cap slipped 1.3% to $2.58 trillion.
What Happened: The decline in cryptocurrency prices was mirrored in other risk assets as stock futures fell slightly just ahead of a fresh trading week.
Santiment, a market intelligence platform, noted that returns from Bitcoin and Ethereum outpaced those from S&P 500 this week.
| Cryptocurrency | Gains +/- | Price (Recorded at 11:09 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.82% | $68,414.99 |
| Ethereum (CRYPTO: ETH) | -2.19% | $3,843.72 |
| Dogecoin (CRYPTO: DOGE) | -5.59% | $0.165 |
Market sentiment was marked by "Extreme Greed," according to the "Crypto Fear & Greed Index." It is important to note that Bitcoin hit an all-time high of $69,170.63 last Tuesday.
The index has remained unchanged at 82 compared with the last week. A value of 100 on the index represents "Extreme Greed" while 0 indicates "Extreme Fear."
"Historically, [Cryptocurrency] markets see sustained [bull markets] with little to no correlation with [equities], so traders are hopeful this trend continues," said Santiment on X, formerly Twitter.