The broader crypto market remains highly stable.
The crypto market again shows a correlation with the US equity market.
The prices of BTC, ETH, SOL, and DOGE remain volatile.
At the time of writing, the global cryptocurrency market cap drops 0.2% in the last 24 hours to $0.871 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $39.22 billion.
The crypto market leader, Bitcoin price is currently trading at $16,469. This follows a 0.2% increase in the last 24 hours. As a result, its market capitalization stands at $316.19 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,197.6, which decreased by 0.3% in the last 24 hours.
The price of Cardano (ADA) has decreased by 0.15% in the last 24 hours. ADA is currently ranked 9th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of ADA was trading at $0.3131.
In addition, the price of XRP increased by 0.4% 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 $0.3974.
DogeCoin (DOGE) continues to gain traction among cryptocurrency traders and influencers. It increased by 11.5% in the last 24 hours and is currently trading at $0.099.
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.
Russian President Vladimir Putin spoke at the International AI Journey Conference in Moscow, criticizing the monopoly in global financial payment systems and calling for an independent, blockchain-based settlement network.
Fenix Games, a web3 game publisher, raised $150 million in capital to acquire, invest in, and distribute blockchain games. The funds will be utilized to establish a game publishing company dedicated to the mainstreaming of blockchain gaming.
Bitcoin miners' revenue plummeted to two-year lows due to weak market performance and increased computing demand amid rising network difficulty.
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.
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