The global cryptocurrency market continues to attract investors and traders, with the market cap reaching $1.22 trillion, a 1.01% increase over the last 24 hours. This represents a significant shift compared to a year ago when the market cap was down by 37.38%. In this article, we will take a closer look at the latest data on the global crypto market and provide insights into the performance of Bitcoin and stablecoins.
Global Crypto Market Cap and Trading Volume
According to CoinMarketCap, the global crypto market cap has reached $1.2T, with a 0.21% increase over the last day. The total volume of the crypto market in the last 24 hours is $49.67B, which represents a 56.86% increase in trading activity. These figures indicate the resilience and growth potential of the crypto market, despite ongoing challenges and fluctuations.
Bitcoin’s Market Dominance and Stablecoins’ Share
Bitcoin remains the dominant player in the crypto market, with its market cap standing at $544 billion, representing a dominance of 44.44%. Meanwhile, stablecoins’ market cap is at $134 billion with a 10.94% share of the total crypto market cap. This suggests that investors are looking for stable and reliable options in the volatile crypto market.