The cryptocurrency market is showing positive dynamics with increasing capitalization and trading activity. Key indicators and events in the crypto industry over the past 24 hours.
Market Capitalization and Trading Volumes
The total market capitalization of the cryptocurrency market is now at $3.83 trillion, with a 1.5% daily increase. The total trading volume of cryptocurrencies in the last day reached $128 billion. Bitcoin's dominance is at 59.7%, and Ethereum's at 11.6%. The number of cryptocurrencies currently stands at 17,947.
Top Trending Cryptocurrencies
Among popular cryptocurrencies, Pump.fun (PUMP) has risen by 8.4%, Ethereum (ETH) by 2.3%, and Succinct (PROVE) by 7.3%. Meanwhile, among the declining cryptocurrencies, Imagen Network (IMAGE) has fallen by 29.7% and Tornado Cash (TORN) by 18.3%.
Major Events in the Crypto Space
Significant events include SBI Holdings filing for the first XRP ETF in Japan. Additionally, a trader lost $3.05 million due to phishing. Smarter Web Company has issued the first Bitcoin-denominated bonds in the UK worth $21 million.
The cryptocurrency market continues to evolve, showing growth in capitalization and activity amidst significant events. Exciting opportunities are emerging with new products and initiatives in this sector.
