Here's a comprehensive update on the current state of the cryptocurrency market:
*Market Overview*
The global cryptocurrency market capitalization stands at $4.03 trillion, with a 0.6% change in the last 24 hours. The total cryptocurrency trading volume in the last day is approximately $138 billion. Bitcoin dominance is at 58.6%, while Ethereum dominance is at 12.6% ¹.
*Top Cryptocurrencies*
$BTC : $118,763, with a 0.2% increase in the last 24 hours and a 1.6% increase in the last week. Bitcoin's market capitalization is $2.36 trillion.
$ETH : $4,214.15, with a 0.5% increase in the last 24 hours and a 20.7% increase in the last week. Ethereum's market capitalization is $508.37 billion.
$BNB : $800.99, with a 0.1% increase in the last 24 hours and a 6.7% increase in the last week. BNB's market capitalization is $111.40 billion ¹.
*Market Trends*
- The cryptocurrency market experienced significant liquidations totaling $452 million in the last 24 hours, with long positions at $111 million and short positions at $337 million. Ethereum led with $248 million in liquidations, while Bitcoin followed with $49.57 million.
- USDe, a synthetic stablecoin by Ethena, has surpassed a market capitalization of $10 billion within just 500 days.
- El Salvador has added eight Bitcoin coins to its reserves, bringing its total holdings to 6,263.18 coins, valued at around $738.5 million ².
*Price Predictions*
Some analysts predict ³:
- *XRP*: A potential breakout to $10 imminent, following the Ripple vs SEC lawsuit developments.
- *Bitcoin*: A surge to new all-time highs, driven by historical bullish signals.
- *Ethereum*: A potential price target of $12,000 after a major breakout.