The slowdown in the cryptocurrency markets continued this Wednesday morning. The capitalization of the global cryptocurrency market has fallen by 2.50% over the past 24 hours. Data from CoinMarketCap, a cryptocurrency data aggregator, showed that the global crypto market capitalization is $1.12 trillion, below Tuesday’s level. The total volume of the cryptocurrency market in the last 24 hours is $73.44 billion, which is 13.73% more than in the last trading session. Check today’s cryptocurrency prices here.
Bitcoin, Ethereum and BNB
Cryptocurrency heavyweights Bitcoin, Ethereum and BNB have also fallen in the last 24 hours.
Bitcoin is trading at $23,451, down 2.22%. The Ethereum network’s Ether token also showed a 2.29% downtrend. The cryptocurrency is trading at $1,847. Cryptocurrency Binance Smart Chain BNB fell by 3.89%.
stablecoins
Stablecoin USDT Tether showed a positive change in its value by 0.01% over the past 24 hours, maintaining its peg to $1. The USDC stablecoin rose 0.02% to ensure it remains pegged to $1.
BinanceUSD fell 0.06%. The stablecoin is trading at $0.0994 while the DAI stablecoin fell 0.04% but maintained its $1 peg.
Level 1 Blockchain Tokens
Cryptocurrency tokens embedded in Tier 1 blockchain networks such as Ripple, Cardano, Solana and others have also fallen in the last 24 hours.
The Cardano ADA token fell 3.46%. Solana was 6.40 behind. AVAX Avalanche fell 5.95%. Ripple XRP fell 2.60%.
Polkadot and polygon
DOT of the Polkadot blockchain fell 5.34%, while MATIC Polygon fell 5.59%.
Memcoins
Memcoins like Dogecoin and Shiba Inu have also been hit in the last 24 hours. Dogecoin fell by 4.47%. Shiba Inu crashed at 7.27%.
In general, over the past 24 hours, most of the top cryptocurrency tokens have lost their positions.
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