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- Every coin in the market is passing through a dip of about 3 to 4%.
- Market cap has plunged to $1.22 trillion from $1.24 trillion.
The cryptocurrency market opened on a positive note but closed in the red. Across the board, tokens experienced a dip of approximately 3 to 4% within the hour. Despite major crypto updates scheduled in consecutive days, such as the Ethereum Shapella upgrade, the market has not reflected any positive impact from these developments.
Crypto Heatmap (Source: TradingView)
From market pioneer Bitcoin (BTC) to lesser-known altcoins, prices have dropped. The overall cryptocurrency market capitalization has fallen to $1.22 trillion from $1.24 trillion. Cryptocurrencies such as Conflux (CFX), Optimism (OP), and Arbitrum (ARB) appear on CoinMarketCap’s list of losers.
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Some notable price changes include:
| Crypto | From | To |
| Bitcoin (BTC) | $30,509.08 | $29,865.20 |
| Ethereum (ETH) | $1,927.23 | $1,860.04 |
| Solana (SOL) | $23.64 | $22.18 |
| Polygon (MATIC) | $1.13 | $1.09 |
| Dogecoin (DOGE) | $0.08571 | $0.08132 |
Trading volume has also decreased to $41 billion, a reduction of $3 billion over the 24-hour trading period. Crypto analysts view this as a minor setback before a significant upward move. Market sentiment remains positive, with the greed index standing at 65.
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