Crypto Market Update: Ethereum’s Market Cap Hits $386 Billion
The cryptocurrency market saw mixed performance today, with Bitcoin dipping slightly while Ethereum fell by 1.42%. Here’s a breakdown of the key highlights:
Bitcoin and Ethereum
Bitcoin (BTC) dipped 1.09% over the past 24 hours, trading at $67,168.34. Despite the slight drop, Bitcoin is up 0.27% for the week.
Ethereum (ETH), the second-largest cryptocurrency, experienced a more significant drop, falling by 1.42% and trading at $3,211.61. ETH’s weekly performance is even less positive, with a decline of 8.31%. The market capitalization of Ethereum now stands at a substantial $386.36 billion.
Other Notable Cryptos
Here’s a quick look at other popular cryptos and their recent performance:
* **BNB** is down 1.38% for the day and 3.01% for the week, currently trading at $576.12.
* **XRP** saw a small increase of 0.23% in the last 24 hours, but is down 0.49% for the week, trading at $0.66.
* **Cardano** (ADA) is currently trading at $0.44, down 0.78% for the day.
* **Dogecoin** (DOGE) is down 4.39% for the day, trading at $0.11.
* **Solana** (SOL) is up 5.12% for the week, trading at $181.88.
* **Polka Dot** (DOT) is down 2.55% for the day and 9.58% for the week, trading at $5.71.
* **Shiba Inu** (SHIB) is down 2.67% for the day and 5.87% for the week, trading at $0.000011.
* **Polygon** (MATIC) is down 0.88% for the day and 4.94% for the week, trading at $0.55.
Top Gainers and Losers
The top 5 gainers for the day are:
* **JasmyCoin** (JASMY)
* **Bitcoin Cash** (BCH)
* **Aave** (AAVE)
* **Kaspa** (KAS)
* **Stacks** (STX)
The top 5 losers for the day are:
* **Popcat (SOL)**
* **dogwifhat**
* **Brett (Based)**
* **Immutable** (IMX)
* **Celestia** (CEL)
Stablecoins
Stablecoins, which aim to maintain a stable value, are generally performing well.
* **Tether** (USDT) is up 0.08% for the day, trading at $1.
* **USD Coin** (USDC) is up 0.05% for the day, trading at $1.
* **Binance USD** (BUSD) is flat for the day, trading at $0.99.
DeFi and NFT Tokens
The DeFi and NFT sectors are seeing mixed performance:
**DeFi:**
* **Avalanche** (AVAX)
* **Chainlink** (LINK)
* **Dai** (DAI)
* **Uniswap** (UNI)
* **Internet Computer** (ICP)
**NFT:**
* **Internet Computer** (ICP)
* **Artificial Superintelligence Alliance** (ASAI)
* **Stacks** (STX)
* **Render** (RNDR)
* **Immutable** (IMX)
Overall Market
The global cryptocurrency market capitalization currently stands at $2.42 trillion, marking a 0.21% increase over the past 24 hours. The total crypto market volume in the last 24 hours is $72.22 billion, which represents a 5.23% increase.
