Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, finally crypto market observed stability on the first weekday of 2023. Global crypto market observed 1.6% rise in last 24 hours. Today rise helped global crypto market cap to surpass $800 Billion. Currently global market cap is around $807 Billion.
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Green color dominated the market. As ususal, BTC is at the top of the table with a marketcap of $ 322 Billion. Dominance of BTC fell below 40%. Current dominance of BTC is around 39.9%. This is actually good sign for alt coins. It will help alt coins to grow. BTC observed 1.1% gain in last 24 hours. Currently king of coin is trading around $16700.
ETH even performed better with a rise of 1.86% in last 24 hours. ETH has a market share of almost 18.5% of the marketcap. Today rise helped ETH to surpass $1200. Currently coin is trading around $1216.
USDT and USDC grabbed the third and fourth place with a market cap of $66.25 Billion and $44.69 Billion. Huge liquidity in stable coin reveals the high level of fear in the market.
BNB is at fifth place with a market cap of $39.5 Billion. BNB observed 1% rise in last 24 hours. Our beloved coin Hive observed a rise of 1.53% in last 24 hours. Currently Hive coin is trading around $.262.
Overall, we can say a good day for market where majority of coins either observed stability or rise in price. It is a good sign for the market as it may help to build investors trust. Let's see how market behave tomorrow.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.