In the last 24 hours, the crypto market showed mixed dynamics, with rising capitalization and declining trading volumes.
Overall Dynamics of the Crypto Market
The total cryptocurrency market capitalization has reached $3.91 trillion after a 0.72% increase. However, the trading volume in the past 24 hours dropped by 2.10% to $174.13 billion. The Crypto Fear & Greed Index indicates a 'Neutral' position, accounting for 45 points.
Price Changes of Bitcoin and Ethereum
Bitcoin is currently trading at $112,861.27, reflecting a 1.32% increase over the last 24 hours. Bitcoin's market dominance stands at 57.5%. In contrast, Ethereum's price has decreased by 1.21%, now standing at $4,567.95, with its market dominance at 14.1%.
Top Crypto Assets and Industry News
Among the top crypto assets are Snowy Owl ($SWOL), DOGO ($DOGO), and MSTR ($MSTR). $SWOL surged by 4973.55% to $0.000006408. Following that, $DOGO rose by 1261.51% to $0.000005922, while $MSTR experienced a growth of 263.34% to $4.84. Furthermore, DeFi saw a slight increase of 0.42%, reaching $156.776 billion, and NFT sales volume increased by 2.24% to $17,365,518. Additionally, Webull introduced crypto services in Australia, and Ark Invest purchased $15.6 million in BitMine shares.
The cryptocurrency market continues to evolve, showing overall growth and new initiatives that could impact the sector's future development.
