Crypto Market Cap Drops 4.77% to $2.76 Trillion

Token Times Market Desk — The total cryptocurrency market capitalization decreased by 4.77% over the past 24 hours, falling to $2.76 trillion as of the latest data. This downturn reflects a broader market correction affecting most major digital assets.

Bitcoin, the largest cryptocurrency by market cap, saw a 1.84% decline, dropping to $81,522, while its dominance remained strong at approximately 59.2%. Ethereum, the second-largest cryptocurrency, fell by 2.85% to $2,428.79, underperforming against Bitcoin in the same period.

Bitway (BTW) emerged as the biggest gainer, rising by 15.58%. This surge follows a week of significant price increases and all-time highs, although no specific catalyst was identified in the latest data.

Starknet (STRK) led the losers with an 11.12% decline, potentially due to recent news about its privacy features for DeFi users. Raydium (RAY), Grass (GRASS), and Ether.fi (ETHFI) also fell, with declines of 10.32%, 9.75%, and 8.84% respectively, as they moved in line with the broader market downturn.

Market sentiment, as measured by the Fear & Greed Index, remained in 'Greed' territory at 62, indicating a cautious optimism despite the market's overall decline. This sentiment contrasts with the more pronounced fear seen in previous periods.

In other news, recent headlines have highlighted uncertainty over White House crypto policies and the potential for an altseason led by Ethereum, as evidenced by a surge in USDT borrowing. Additionally, discussions around AI's ability to predict crypto prices and the growing adoption of stablecoin cards for FX savings have also captured attention.