In the current volatile environment, the cryptocurrency market demonstrates slight declines in capitalization and price changes.
Market Status
The total crypto market capitalization currently stands at $3.91 trillion, down 0.9% over the past 24 hours. The total trading volume hit over $129 billion, with Bitcoin dominance at 57.5% and Ethereum at 13.2%. There are currently 18,261 tracked cryptocurrencies.
Key Changes in Cryptocurrencies
Bitcoin is currently priced at $112,821, down 1.4% from the previous day, with a market cap of $2.24 trillion and a trading volume of $32.08 billion. Among trending coins, Notcoin (NOT) leads at $0.001846, up 1.8%, while SKALE (SKL) rose 10.6% to $0.03406.
News and Legislative Initiatives
Pennsylvania Democrat Ben Waxman has introduced HB 1812, a bill restricting public officials from engaging in crypto transactions over $1,000 during their term and for a year afterward. Upbit, South Korea's largest crypto exchange, will list Aerodrome Finance (AERO) with KRW, BTC, and USDT pairs, boosting liquidity in the regulated market.
The cryptocurrency market remains volatile, despite new legislative initiatives and trend changes, and investors are advised to keep a close watch on developments.
