The global cryptocurrency market experienced a slight downturn today, with the market cap dipping to $1.43 trillion, marking a 0.21% decrease. Trading volumes also saw a decline, falling to $31.12 billion. Despite the dip, investor sentiment remains in the "greedy" territory, with an index score of 73.
Bitcoin, the leading cryptocurrency, faced a minor setback as its price dropped to $37,200, a 1.4% decrease for the day. However, it maintained a 0.13% increase over the past week. Notably, Bitcoin's trade volume saw a significant fall to $15.76 billion.
Ethereum, on the other hand, bucked the trend with a rise in its price to $2,042, up 2.2% for the day and 1.54% over the week. This increase came despite a 26% fall in its trade volume, which landed at $9.2 billion.
Binance Coin (BNB) felt the pressure, dropping to $228.6 after a daily decrease of 2.3% and a weekly fall of 7.4%. Its trade volume, conversely, grew by 23% to $668 million amid news of CEO Changpeng Zhao's resignation.
Ripple's XRP also experienced a downturn, with its price descending to $0.606, a daily decline of 2.4% and a weekly drop of 2.2%. In contrast, Ripple's trade volume surged dramatically by 146% to reach $1.4 billion.
Solana's price decreased to $55.8 due to a daily fall of 4.4%, but it still managed a weekly growth of 6.4%. Solana's trading activity reflected this volatility, with a 28% increase in trade volume, amounting to $1 billion in trades.
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