The broader crypto market remains extremely stable.
The crypto market again shows a correlation with the US equity market.
The prices of BTC, ETH, XRP, and DOGE remain volatile.
At the time of writing, the global cryptocurrency market cap jumps 0.3% in the last 24 hours to $0.875 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $39.93 billion.
The crypto market leader, Bitcoin price is currently trading at $16,492. This follows a 0.75% decrease in the last 24 hours. As a result, its market capitalization stands at $317.59 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,212.5, which decreased by 0.49% in the last 24 hours.
Cryptocurrencies Price Action
The price of Solana (SOL) has decreased by 2.63% in the last 24 hours. SOL is currently ranked 17th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of SOL was trading at $14.19.
In addition, the price of XRP decreased by 3.5% in the last 24 hours. XRP is currently ranked 7th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of XRP was trading at $0.3987.
DogeCoin (DOGE) continues to fade its traction among cryptocurrency traders and influencers. It decreased by 0.5% in the last 24 hours and is currently trading at $0.0894.
What Turns Crypto Market Stable?
The global crypto market remains highly stable because no economic circumstances have taken place around the world. The US equity market also remains stable in its last trading session.
Major Events Around the World
In a recent tweet, Binance CEO CZ was depicted meeting with Albania's Prime Minister Edi Rama to talk about blockchain technology and cryptocurrency.
Thomas Lee, a crypto expert, remains steadfast in his belief that Bitcoin will eventually reach a price of $200K despite the current state of the market.
The company behind MetaMask Wallet, ConsenSys, announced that it will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions.
COINGABBAR VIEWS: If the current trend continues, the market will most certainly fall further. The volatility trend in the market has persisted for some time and appears to be continuing, as indicated by the current influx.
Read also: Bitcoin is the New GOLD | Massive Bull Run in 2023
