Crypto Market Shudders Amid BitMEX Shutdown, Bitcoin Remains Steady

Bitcoin has maintained its position near $65,351 despite a slight dip of 0.41% over the past 24 hours. The cryptocurrency market's total capitalization rose to $2.22 trillion, up 0.81% from yesterday. Meanwhile, Ethereum slipped 2.34% to trade around $1,878.

The Fear & Greed Index held at 37, indicating 'fear' territory. This is in contrast to the rising total crypto market capitalization and Bitcoin's steady performance. BlackRock, Coinbase, and Strategy have funded a $15 million consortium focused on Bitcoin quantum security, highlighting institutional adoption amid volatile token performance.

BitMEX's BMEX token took a significant hit after the exchange announced its shutdown, plummeting 99.69%. DeFi token DeXe also tumbled 54.1% in trending searches. Other notable dips include XRP (2.45%), Solana (2.52%), Dogecoin (4.64%), and HYPE (no specific percentage mentioned).