$BTC $SOL

Major cryptocurrencies declined on Tuesday amid profit-taking, impacting Bitcoin (BTC), Ethereum (ETH), and Solana. The global cryptocurrency market cap decreased by 1.8%, settling around $2.2 trillion over the past 24 hours.

Other major cryptocurrencies also saw declines, including BNB (-1.8%), Solana (-0.9%), XRP (-0.9%), Dogecoin (-2.7%), Tron (-2.2%), Chainlink (-3.9%), Polkadot (-2.6%), and Toncoin (-4.11%).

The volume of all stablecoins is currently $61.7 billion, making up 92.98% of the total crypto market's 24-hour volume, according to CoinMarketCap.

Over the past 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, dropped to $1.242 trillion, with Bitcoin's dominance standing at 56.26%, per CoinMarketCap. BTC's 24-hour trading volume increased by 43.6% to $28.15 billion.

Bitcoin has dropped below $63,000 after previously reaching above $65,000. While the short-term outlook appears bearish, the longer-term trend for Bitcoin and the overall market remains positive."

(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of The Economic Times.)