Market Overview
The global crypto market capitalization has risen to approximately $3.39 trillion, with a 4% increase in the past 24 hours. The daily trading volume has reached $213 billion, indicating renewed bullish sentiment.
Top Cryptocurrencies:
- *Bitcoin (BTC)*: Trading at $108,507, with a 2.47% decrease in the last 24 hours. Bitcoin's market dominance has risen to 64.85% after nine weeks of growth.
- *Ethereum (ETH)*: Trading at $2,543.33, with a 4.01% decrease in the last 24 hours.
- *Solana (SOL)*: Trading at $176.87, with a 0.72% decrease in the last 24 hours.
- *XRP (XRP)*: Trading at $2.34, with a 3.79% decrease in the last 24 hours ² ³.
Market Trends
- Institutional adoption is on the rise, with Coinbase's $2.9 billion acquisition of Deribit signaling a push into crypto options markets.
- The stablecoin market cap has exceeded $200 billion, outpacing Bitcoin's growth in Q1 ¹.
:Notable Updates
- The crypto market experienced $160 million in liquidations in 24 hours, with long positions accounting for $131 million of the liquidations.
- Monad testnet has reached 303,583,549 addresses, with 104,534 new addresses added in the past 24 hours.
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