Trend analysis after rising shock
As of May 23, 2024, the market capitalizations of Bitcoin, Ethereum, BNB, Solana, Ripple, Dogecoin, Toncoin, Cardano, and Shiba Inu Coin are US$1.40 trillion, US$442.84 billion, US$88.33 billion, US$83.07 billion, US$29.67 billion, US$23.57 billion, US$22.73 billion, US$17.85 billion, and US$14.96 billion, respectively.
Currently, the total market capitalization of the cryptocurrency market is $2.43 trillion, with Bitcoin and Ethereum accounting for the majority of the market capitalization. Bitcoin is a digital currency that can be transferred directly between users on the Bitcoin peer-to-peer network without the need for a central bank or single administrator. Network nodes use cryptography to verify transactions, which are then recorded in a public distributed ledger called a blockchain.
