Market cap for the day

Answered at Nov 13, 2024

Cryptocurrency Market Cap Overview

The global cryptocurrency market cap stands at $2.89 trillion. This marks a 3.70% decrease from the previous day (source). The market is experiencing a slight downturn, reflecting changes in investor sentiment and market dynamics.

Key Market Metrics

  • Total Market Volume: The total trading volume over the last 24 hours is $309.72 billion, showing a 2.21% decrease.
  • DeFi Volume: Decentralized Finance (DeFi) accounts for $14.8 billion, which is 4.78% of the total market volume.
  • Stablecoin Volume: Stablecoins dominate the market with a volume of $281.34 billion, making up 90.84% of the total market volume.

Top Cryptocurrencies by Market Cap

  1. Bitcoin (BTC)

    • Market Cap: $1.73 trillion
    • 24h Volume: $119.08 billion
    • Circulating Supply: 19,781,546 BTC
    • Dominance: 59.79%, up by 0.99% (source)

  2. Ethereum (ETH)

    • Market Cap: $381.14 billion
    • 24h Volume: $54.04 billion
    • Circulating Supply: 120,423,320 ETH

  3. Tether (USDT)

    • Market Cap: $125.42 billion
    • 24h Volume: $245.51 billion
    • Circulating Supply: 125,238,185,519 USDT

  4. Solana (SOL)

    • Market Cap: $96.99 billion
    • 24h Volume: $11.26 billion
    • Circulating Supply: 472,022,919 SOL

  5. BNB (BNB)

    • Market Cap: $87.66 billion
    • 24h Volume: $3.27 billion
    • Circulating Supply: 144,099,160 BNB

Notable Mentions

  • Dogecoin (DOGE): With a market cap of $55.46 billion, Dogecoin remains a popular choice among investors.
  • XRP: XRP holds a market cap of $37.44 billion, maintaining its position in the top 10.
  • Cardano (ADA): Cardano's market cap is $18.68 billion, with a 24-hour volume of $2.72 billion.

Market Trends

The cryptocurrency market is currently experiencing a slight decline, as indicated by the decrease in market cap and trading volumes. Bitcoin's dominance has increased, suggesting a shift in investor focus towards more established cryptocurrencies. The high volume of stablecoins indicates a preference for stability amidst market fluctuations.

Conclusion

The cryptocurrency market remains dynamic, with significant movements in market cap and trading volumes. Investors should stay informed about these changes to make strategic decisions. For more detailed and up-to-date information, visit CoinMarketCap.