The global cryptocurrency market’s total capitalization remained stable at $4.07 trillion over the past 24 hours, experiencing a slight decline of 0.26% according to CoinMarketCap data. Bitcoin (BTC) traded between approximately $114,626 and $116,758 during this period and is currently priced at $115,072, reflecting a 0.82% decrease. Most major cryptocurrencies have faced price drops due to the overall bearish market trend. Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Tron (TRX), and other leading coins have seen declines ranging from 1% to 10%. However, certain cryptocurrencies such as AVNT, MITO, and TOWNS have shown notable gains of 51%, 23%, and 9% respectively. Technical analysts highlight that Bitcoin’s prospects appear positive due to increased reserves by miners and ongoing technical developments. These factors could boost market confidence and create a favorable environment for long-term investment. Market volatility is common in the cryptocurrency sector, and investors are advised to monitor current conditions closely to mitigate potential risks. While global acceptance and popularity of cryptocurrencies continue to grow, market uncertainties persist, increasing investment risks.
Source: binance
