Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, finally crypto market picked up stability today. Market observed 0.37% gain in last 24 hours. Stability in market is important to build investors trust. See-saw swing will only create panic in market.
As usual BTC is at the top on the chart with a market cap of $412.7 Billion. BTC observed almost 0.45% dip in last 24 hours. At the time of writing BTC is trading around $21,575.
Second placed coin Ethereum observed a gain of 2.05% in last 24 hours. Eth has surpassed $1,700. Currently coin is trading around $1,706. Interestingly top two coins have an overall 59.5% of the total market cap of $1.04 Trillion.
Bearish trend in market has helped stable coins to grab third and fourth place in coin market list. Currently USDT and USDC is at third and fourth place with a market cap of $67.55 and $52.2 Billion respectively. Massive investment in stable coins show that still people are reluctant to invest in volatile asset. Things will become better with good economic condition.
Cardano, Solana and Doge all three coins unable to gain investors trust as a result coins observed more than 12% in last 24 hours.
At one stage crypto market cap was around $3 Trillion. Currently market is no where near its all time high worth. Market is struggling to surpass $1.1 Trillion.
One of the main reason of dip in market is due to high inflation rate, soaring interest rate and poor economic condition. Hope thing will settle down soon. Crypto has great future. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.