Discover 5 Cryptos That Are Being Traded the Most in This Falling Market ⏫️
The cryptocurrency market is experiencing a slight crash, with a 0.69% drop in market capitalization, now at $2.44 trillion, and a 23.85% decline in global 24-hour trading volume, down to $69.7 billion. Despite this, some cryptos are still actively traded.
1. **Tether (USDT)**
- **Trading Volume:** $53.02 billion
- **Market Cap:** $112.5 billion
- **Current Price:** $0.9994
- USDT remains stable with minimal value changes, providing liquidity during volatile times.
2. **Bitcoin (BTC)**
- **Trading Volume:** $26.7 billion
- **Market Cap:** $1.319 trillion
- **Current Price:** Below $70,000
- BTC has dropped by 1.08% in the past day and 6.04% over the week, but still dominates the market.
3. **Ethereum (ETH)**
- **Trading Volume:** $14.14 billion
- **Market Cap:** $422.4 billion
- **Current Price:** $3,515.59
- ETH saw increased trading but has not crossed $4,000, declining 0.35% in the last day and 7.96% over the week.
4. **USD Coin (USDC)**
- **Trading Volume:** $5.78 billion
- **Market Cap:** $32.6 billion
- **Current Price:** $1.00
- USDC remains stable and is widely used for transactions and trading.
5. **First Digital USD (FDUSD)**
- **Trading Volume:** $5.35 billion
- **Market Cap:** $2.6 billion
- **Current Price:** $0.9989
- FDUSD is popular in Asia, maintaining its usage despite a slight decline in value.
### Conclusion
During this market downturn, stablecoins like Tether, USD Coin, and First Digital USD provide stability and liquidity, while Bitcoin and Ethereum continue to be top trading choices, reflecting their strong market presence.
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