Cryptos Market Slides 1.44% as Bitcoin Holds Below $60k
The cryptocurrencies market capitalisation declined by 1.44% in the last 24 hours as Bitcoin failed to cross $60,000 level. The bearish temperature triggers sell spree among retail investors holding other smaller crypto assets.
According to data from CoinMarketCap.com, the global crypto market cap reached $2.1 trillion, a 1.44% decrease over the last day. Bitcoin has traded little changed below $60,000 while Ethereum positive price movement has been unable to shift crypto market capitalisation.
BTC had retreated from its brief rally to $61,000 on Tuesday, trading at around $59,350, a fall of nearly 2.5% over 24 hours. However, Ethereum has seen 2% gain over the day to settle at $2,560.
Analysts said Ethereum dominance has declined since the current cycle’s low, established in November 2022. Data showed that the total crypto market volume over the last 24 hours reached $60.58 billion, which makes a 2.62% decrease over the day.
The total volume in DeFi is currently at $3.81 billion, translating to 6.28% of the total crypto market 24-hour volume. The volume of all stable coins is now $56.46 Billion, which is 93.19% of the total crypto market 24-hour volume.
Cardano has been one of the better performers in the past 24 hours, increasing by as much as 4% and pushing above $0.35.
It appears that this move comes on the back of increased bullish sentiment for the cryptocurrency, unlike that of XRP – another altcoin with a massive community. #Cryptos Market Slides 1.44% as Bitcoin Holds Below $60k
