As of now, the total market capitalization of the cryptocurrency market is at $3.89 trillion, reflecting a 2.5% increase over the past 24 hours. This article reviews key events and changes within the cryptocurrency sector.
General Information about the Cryptocurrency Market
The total capitalization of the cryptocurrency market currently stands at $3.89 trillion. Over the last 24 hours, total trading volume exceeded $166 billion. Bitcoin dominates with a share of 58%, while Ethereum holds 12.8%. A total of 18,228 cryptocurrencies are being tracked.
Changes in Cryptocurrencies Over the Past 24 Hours
Bitcoin is priced at $113,197 today, up 2.9% from the previous day, with a market cap of $2.25 trillion and a trading volume of $42.5 billion. Ethereum has fallen by 5.5% to $4,110.43. Among the tokens showing significant gains is Wiki Cat, which surged by 37.3% to $0.062352. Meanwhile, Codatta has lost 26.8% and is priced at $0.01075.
Key News in the Crypto Market
Healthcare company KindlyMD has purchased 5,743.91 BTC worth approximately $679 million, indicating increased corporate interest in Bitcoin as a strategic hold. Additionally, Bullish (NYSE: BLSH) has conducted an IPO settled entirely in stablecoins, underscoring the growing importance of crypto in traditional finance. The Crypto Fear & Greed Index currently stands at 44, suggesting increasing fear among investors after reaching a greed level above 70 earlier this week.
The cryptocurrency market continues to evolve, showing both growth and declines in specific segments. Given corporate investments and changing market conditions, it is crucial to monitor further developments in the sector.
