Crypto Market Cap Drops 3% to $2.61 Trillion

Token Times Market Desk — The total cryptocurrency market capitalization decreased by 3.01% over the past 24 hours, bringing it to $2.61 trillion. This decline indicates a period of consolidation after recent market movements.

Bitcoin's price rose by 0.44% to $77880, while Ethereum saw a slightly stronger gain of 1.01% to $2268.77. Bitcoin's dominance in the market remained strong at approximately 59.9%, underscoring its influence on overall market trends.

Lighter (LIT) emerged as the biggest gainer, rising by 19.96%. This increase is attributed to a combination of its own price momentum and broader market factors. Other notable gainers include Kite (KITE) and LayerZero (ZRO), which rose by 8.06% and 7.62%, respectively, likely due to broader market sentiment and independent positive developments.

Provenance Blockchain (HASH) led the list of biggest losers, declining by 15.16%. This drop is likely influenced by the prevailing market sentiment. Plasma (XPL) and MemeCore (M) also experienced significant declines of 10.15% and 10.07%, respectively, with no specific news driving these movements.

The overall market sentiment remains in 'Fear' territory, with the Fear & Greed Index at 34. This indicates that investors are cautious, which could be contributing to the market's flat direction.

In other news, Binance has resumed Bitcoin and Ethereum withdrawals following its post-hack recovery, as reported by Coinfomania. Additionally, North Korea has been blamed for 85% of crypto stolen in hacks this year, according to Blockonomi. These headlines highlight ongoing security concerns and the resilience of major exchanges.