Global #market capitalization

As of now, Ethereum is experiencing a notable decline, reflecting a broader downturn in the cryptocurrency market. With a nearly 2% drop in value, Ethereum, alongside Bitcoin and other leading altcoins, is contributing to a decrease in the total market capitalization, which has fallen to approximately $2.17 trillion.

The cryptocurrency mining landscape has experienced notable changes recently, particularly in Bitcoin’s hashrate and miner revenues. As of now, the hashrate has increased by 2% since August, reaching a significant 643 exahash per second (EH/s).

In recent weeks, the world’s largest cryptocurrency by market capitalization, Bitcoin, has seen a notable downturn, dropping below the $59,000 mark.

The stablecoin market has reached a new all-time high with a market capitalization of $168 billion, marking 11 consecutive months of growth. This milestone surpasses the previous peak of $167 billion recorded in March 2022.

Bitcoin (BTC) saw its price peak at nearly $62,000 yesterday, only to face a sharp rejection and fall back by approximately $4,000. This volatile movement has significantly impacted the broader cryptocurrency market, leading to declines across major altcoins as well.

As the global cryptocurrency market continues its rapid expansion, a notable trend is emerging: the increasing demand for stable digital assets. Among these, tokenized versions of traditional financial instruments, such as US Treasurys, are capturing significant interest.

In a striking move, Tether Treasury has minted $1 billion USDT on Ethereum and transferred $183.2 million USDT to Cumberland for exchange deposits over the past 13 hours, as reported by SpotOnChain on X.

Global markets showed signs of recovery on Tuesday, reversing some of the heavy losses from the previous day. This resurgence drove the total market capitalization of crypto assets up by 7% in the past 24 hours, reaching $2.07 trillion.

Jan Van Eck, CEO of VanEck, has made a bold prediction about Bitcoin's future, forecasting that the cryptocurrency could reach up to $2.9 million per coin by 2050.

Avalanche (AVAX) has overtaken Tron (TRX) in market capitalization, signaling a shift in the rankings of leading cryptocurrencies.

The internet's feline overlord, Popcat (POPCAT), has reached a major milestone. The meme-inspired cryptocurrency surpassed a market capitalization of $1 billion, sending shockwaves through the crypto community.

South Korea's major cryptocurrency exchanges have taken a united stand to address growing concerns about potential mass delistings of tokens, following a recent court ruling that upheld the delisting of a digital asset due to insufficient trading volume.