• The total market cap of the crypto market decreased by 0.86% over the past 24 hours, with most of the top ten cryptocurrencies printing losses.
• Solana re-entered the top 10 digital assets despite a 1.91% decrease in the last 24 hours.
• The market cap of Tether (USDT) and BinanceUSD (BUSD) increased slightly to $66.25 billion and $16.68 billion, respectively.
The cryptocurrency market has seen a slight sell-off over the past 24 hours, as the total market cap decreased by 0.86%, standing currently at $812.66 billion. Bitcoin’s market cap decreased by 0.59% to $322.33 billion, while Ethereum’s market cap fell by 0.86% to $152.17 billion.
Of the top 10 cryptocurrencies, most experienced losses, with Dogecoin and Polygon posting the highest losses with 4.2% and 2.98%, respectively. Cardano and Polkadot, however, recorded slight gains of 1.42% and 0.31%, respectively.
Despite the tepid market performance, Solana re-entered the top 10 digital assets after a brief absence, despite falling 1.91% in the last 24 hours. The market cap of Tether (USDT) and BinanceUSD (BUSD) slightly increased to $66.25 billion and $16.68 billion, respectively. USD Coin (USDC) market cap decreased to $43.8 billion.
Bitcoin fell 0.57% to trade at $16,738 as of 07:00 ET, with its market dominance slightly increasing to 39.7% from 39.6%. BTC mostly traded sideways during the last 24 hours but began to experience a slight sell-off during the early trading hours of Jan. 6. The asset peaked at $16,876 before beginning its descent.
Overall, the crypto market experienced a slight sell-off over the past 24 hours, with most of the top 10 cryptocurrencies printing losses. Despite this, Solana re-entered the top 10 digital assets and the market cap of Tether (USDT) and BinanceUSD (BUSD) increased slightly. Bitcoin’s market cap decreased by 0.59% to $322.33 billion, while its market dominance slightly increased to 39.7% from 39.6%.