$BNB $ETH $BTC #Overall Market Performance #BullorBear
CoinMarketCap reveals a noticeable decline across the board. The total crypto market capitalization sits at around $2.03 trillion, down roughly 5.13% from the previous day. Similarly, the total 24-hour trading volume is around $96.42 billion, representing a 15% decrease. This decline extends to the dominance of Bitcoin, the leading cryptocurrency, which currently holds 52.81% of the market share â a slight increase from yesterday but still indicative of a broader market movement.
#Top Performers and Losers
Bitcoin itself has experienced a price drop, falling below the $70,000 mark. As of writing, it sits around $68,500, representing a decrease of approximately 4% in the last 24 hours. However, it's important to note that Bitcoin's price has been volatile recently, experiencing significant fluctuations in a short period.
Ethereum (ETH), the second-largest cryptocurrency, is also feeling the market pressure. Its price has dipped below $4,000, currently hovering around $3,850 â a decline of roughly 5.5% in the last day. Similar trends are observed in other popular altcoins like Solana (SOL), Binance Coin (BNB), and Cardano (ADA), all experiencing price drops ranging from 4% to 7%.
While the market predominantly paints a bearish picture, there are a few exceptions. Stablecoins, cryptocurrencies pegged to traditional assets like the US dollar, have shown relative stability. Tether (USDT), the leading stablecoin, maintains its price close to $1, providing a safe haven for some investors during the current market correction.
