- Market capitalization: $3.28 trillion, representing a 0.09% increase over the last day - Total crypto market volume over the last 24 hours: $85.97 billion, a 14.83% decrease
*Top Cryptocurrencies*
- *Bitcoin (BTC)*: $105,543.00, up 0.27% in the last 24 hours, with a market capitalization of $2.09 trillion - *Ethereum (ETH)*: $2,510.00, up 0.48% in the last 24 hours, with a market capitalization of $302.40 billion - *Tether USDt (USDT)*: $1.00, with a market capitalization of $139.37 billion - *XRP (XRP)*: $2.21, up 1.36% in the last 24 hours, with a market capitalization of $127.81 billion - *Solana (SOL)*: $149.27, up 1.75% in the last 24 hours, with a market capitalization of $72.64 billion
*Other Notable Cryptocurrencies*
- *Dogecoin (DOGE)*: $0.1834, up 1.77% in the last 24 hours, with a market capitalization of $27.38 billion - *Cardano (ADA)*: $0.6595, up 1.41% in the last 24 hours, with a market capitalization of $23.20 billion - *Shiba Inu (SHIB)*: $0.00001253, up 2.52% in the last 24 hours, with a market capitalization of $7.38 billion ¹
Keep in mind that cryptocurrency prices can be highly volatile and may fluctuate rapidly. These prices are based on the latest available data, but it's always best to check the most recent prices on a reliable cryptocurrency source.$BTC $ETH $BTC
The cryptocurrency market experienced a significant downturn following the public feud between Donald Trump and Elon Musk. Here are the key developments#TrumpTariffs : - *Market Capitalization Drop*: The total crypto market capitalization fell by 5.1%, with a decline of around $170 billion to $3.26 trillion, its lowest level since May 8. - *Liquidations*: Over $1 billion in crypto liquidations were recorded in the past 24 hours, with around 228,000 traders affected, mostly in BTC long positions. - *Bitcoin's Price*: Bitcoin's price dropped by 2.4% to 4%, slipping to around $100,000 levels, with daily trading volumes soaring 35% to over $60 billion. - *Altcoin Performance*: Major Altcoins like Ethereum, Solana, XRP, and Binance Coin saw significant losses, with Ethereum leading the fall. Dogecoin plummeted 7.9%, while Ethereum dropped 6.6%. - *Spot Bitcoin ETFs*: Spot Bitcoin ETFs saw $278 million in withdrawals, contributing to the market's volatility. - *Trader Sentiment*: The market's downturn is attributed to uncertainty and panic, with long-term holders liquidating their positions and subjecting prices to further pressure.
The public clash between Trump and Musk has rattled investor confidence, triggering a sharp decline in the crypto market. The situation remains volatile, with potential for further fluctuations.