Crypto Market Cap Drops 3.53% to $2.8 Trillion

Token Times Market Desk — The total cryptocurrency market capitalization decreased by 3.53% over the past 24 hours, bringing it to $2.8 trillion. This downturn reflects a broader market correction affecting most major assets.

Bitcoin, the largest cryptocurrency by market cap, saw a 1.56% decline, dropping to $82,458, while its dominance remained strong at approximately 59.1%. Ethereum also fell, albeit slightly less, with a 1.04% decrease to $2,510.41.

Pearl (PRL) was the most notable gainer, rising by 13.69%. The token's movement appears to be independent of the broader market's downward trend, though no specific catalyst for its increase has been identified.

Starknet (STRK) led the losers with a 14.10% decline, attributed to a significant price correction following a week of strong gains. Conflux (CFX) and Derive (DRV) also fell by 13.00% and 12.84%, respectively, largely due to the prevailing market conditions.

The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 69, despite the downturn. This suggests that investor sentiment is still relatively positive, though the market is experiencing a period of correction.

In other news, Morgan Stanley has projected that tokenized assets could reach $3 trillion to $10 trillion by 2030, highlighting potential future growth in the sector. Additionally, Aave V4 has surpassed $300 million in deposits, indicating continued interest in decentralized finance (DeFi).