Crypto Market Overview

The crypto market has recently seen a massive decline as the overall market capitalization reached $3.02T after a 4.23% correction. According to data from CryptoRank, total liquidations over the last 24 hours accounted for up to $534M due to tariff tensions.

📉 Market Overview

The US stock market dropped $1.15B due to tariff tensions, while $BTC and $ETH fell only 5%, buoyed by news of Trump establishing a crypto reserve at today’s Crypto Summit.
Market Cap: $3.02T
24h Liquidation: $534M
BTC Dominance: 57.76%

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On the contrary, the 24-hour spot volume jumped by 5.65% to touch the $73.57B mark. However, reflecting the overall crypto dip, the Fear & Greed Index stands at 34, signifying “Fear,” with the majority of the top crypto assets experiencing declines.

$BTC Dominance Dips by 0.52% While $ETH Dominance Sees 1.76% Decline

CryptoRank’s data indicates a decrease in Bitcoin’s market dominance in the recent 24 hours. The market dominance of Bitcoin ($BTC) has plunged by 0.52% to reach 57.76%. Additionally, Bitcoin’s price has also recorded a 4.55% decrease, reaching $88,057.

In the case of Ethereum ($ETH), a 1.76% slump occurred, bringing market dominance to 8.65%. Simultaneously, Ethereum’s price accounts for $2,168 after a 5.74% dip.

Major Crypto Assets Like $SOL, $ADA, $BNB, $TRX, and $DOGE Experience Huge Losses

Aside from this, other major cryptocurrencies have witnessed significant losses. Specifically, $SOL experienced a 4.27% decrease; $ADA decreased by 7.15%. Notable declines include $TRX at 2.66%, $BNB at 1.34%, and $XRP at 0.84%. Additionally, the top memecoin $DOGE saw a 7.91% plunge in its price.

Small-Cap Cryptos Surge as Large-Caps Dipped

Amid the fluctuating crypto market trends, small-cap crypto gainers such as $A47, $AVL, $REZ, $BLZ, and $XTER surged significantly. Specifically, $A47, $AVL, and $REZ saw jumps of 108%, 47.9%, and 47.9% over the past 24 hours. Subsequently, $BLZ and $XTER recorded 43.2% and 30.2% spikes.

In contrast, large-cap crypto assets experienced noteworthy losses, with $TEL, $ONDO, and $S showing decreases of 14.8%, 13.5%, and 12.9% respectively. Following that, $AAVE and $MKR indicated losses of 11.5% and 10.6%.

DoubleZero, Seismic, and Combinder Gain $28M, $7.0M, and $500K in Funding

According to CryptoRank, recent crypto funding rounds include DoubleZero, Seismic, and Combinder. DoubleZero has effectively gained $28M in funding while Seismic accounts for $7.0M in total funding.

On the other hand, Combinder has attained funding of up to $500K. However, the wider declines in the crypto market have raised concerns about upcoming developments, influencing investor sentiment.