The cryptocurrency market is experiencing slight declines today, with major digital assets like Bitcoin and Ethereum facing downward pressure, while Tether remains relatively stable.
Bitcoin (BTC-USD): The largest cryptocurrency by market cap dropped 0.27%, losing $173.19 to trade at $63,568.83. Bitcoin’s market cap now stands at $1.256 trillion, with a 24-hour trading volume of $29.138 billion. Bitcoin has traded within a 52-week range of $26,111.47 to $73,750.07, reflecting its volatility over the past year.
Ethereum (ETH-USD): Ethereum, the second-largest cryptocurrency, saw a larger decline of 1.26%, down $33.23 to $2,610.47. Its market cap is $314.202 billion, with a 24-hour volume of $15.608 billion. Ethereum’s 52-week range is $1,523.24 to $4,092.28, signaling a significant gap between its highs and lows over the year.
Tether (USDT-USD): The stablecoin Tether remains steady, trading at $0.999583, down marginally by 0.04%. Tether continues to hold its value as a stable asset in the market, with a market cap of $119.185 billion and a 24-hour trading volume of $56.347 billion.
As of now, the cryptocurrency market is seeing some modest sell-offs, particularly in Bitcoin and Ethereum, while stablecoins like Tether remain relatively unchanged. Investors continue to monitor the broader market sentiment as these assets react to ongoing market factors.