The cryptocurrency market continues to show signs of decline, with total capitalization falling and changes in the prices of major cryptocurrencies.
Capitalization Drop and Trading Volumes
The total capitalization of the cryptocurrency market decreased by 1.20%, reaching $3.2 trillion. However, trading volume over the past 24 hours increased by 41.76%, hitting $114.44 billion. The Fear & Greed index stands at 43, indicating a neutral market sentiment.
Bitcoin and Ethereum Price Dynamics
Bitcoin ($BTC) has dropped by 0.87%, now trading at $103,435.32, with a market dominance of nearly 64.2%. Ethereum ($ETH) has fallen by 3.24% to $2,425.62, holding a market dominance of 9.1%.
Top Gainers and Significant Events in the Crypto Industry
$SWOL, $AURA, and $DOGO are among the top gainers for the day. $SWOL surged by 3211.52%, reaching $0.0002385. $AURA increased by 1129.33% to $0.00003154, while $DOGO rose by 718.02%, now priced at $0.000001572. Additionally, the overall NFT sales volume declined by 2.11%, totaling $13,937,344.
Current trends in the cryptocurrency market show both capitalization declines and price drops, while trading volumes increase. While some projects demonstrate significant growth, the overall situation remains tense.
