Global Crypto Market Cap Drops 1.4% Amid Regulatory and Liquidation Events

CoinGecko reports the global crypto market value fell to $3.187 trillion, with Bitcoin holding 57.3% market dominance and Ethereum at 11.3%.

BTC
ETH

Summary

CoinGecko data shows the global cryptocurrency market capitalization has declined by 2.4% in the past 24 hours to $3.187 trillion. Bitcoin accounts for 57.3% of the total market dominance, while Ethereum represents 11.3%. The drop reflects broader volatility in the digital asset market.

Terms & Concepts
  • Market dominance: The percentage share of a cryptocurrency's total market value compared to the entire crypto market capitalization.
  • Bitcoin: The first and largest cryptocurrency by market capitalization, operating on a decentralized, peer-to-peer network.
  • Ethereum: A decentralized blockchain platform that enables smart contracts and decentralized applications, with its native cryptocurrency Ether (ETH).