The global cryptocurrency market capitalization today is at $1.8 trillion, a 2.8% drop in the last 24 hours. The total cryptocurrency trading volume today is at $98.6 Billion, with Bitcoin dominance at 40.2% and Ethereum dominance at 18.6%.
According to CoinGecko report, Bitcoin faced a steep selloff to the point it erased the $39,000-mark, by trading at $38,042.81, dropping 1.5% lower on Sunday. While the second-largest crypto Ethereum also dipped 1.3% and traded at $2,776.88. Broadly, the cryptocurrency market was in the red.
Solana on Sunday is priced at $87.80, at a whopping 6.5% drop from its price quoted 24 hours ago. Dogecoin also dropped 4.1% in the last 24 hours and is trading at $0.130209. Shiba Inu dropped even further at 7.8% in the last 24 hours, trading at $0.00002062 today.
Marking a tumultuous week for cryptocurrencies, earlier this week Bitcoin jumped back to around $40,000 as positive U.S. company earnings emboldens investors across asset classes following weeks of volatile price swings.
The largest cryptocurrency by market value rose as much as 3.2% to $40,366, just days after dropping to a six-week low of less than $38,000 just two days ago. Ether hovered around $3,000 after increasing as much as 3.4%. Popular ‘altcoins’ Litecoin and XRP were up by 3.2% and 2%, respectively.
Despite being championed as an uncorrelated asset, Bitcoin has been trading much of the year in lockstep with more traditional assets such as technology stocks.
social experiment by Livio Acerbo #greengroundit #bitcoin – original source here