Ethereum

2024

Polkadot

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<p class="is-style-lead">According to CoinGecko, one of the largest global crypto data aggregators, the cryptocurrency market is down to $1.7 trillion, down 7% in the last 24 hours.</p>
<p>Alongside the reduced market cap of the industry is a 6.6% decrease in the price of Bitcoin, a 7.8% decrease in the price of Ethereum, and a 4% decrease in the price of BNB.</p>
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   <p lang="en" dir="ltr">Total <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> market cap is down 7.2% to $1.7T today 🔴<br><br>Are you buying the dip? <a href="https://t.co/PwWGLSWoRe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PwWGLSWoRe</a></p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1742524721294692500?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 3, 2024</a>
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<p>You might also like: <a href="https://crypto.news/coingecko-feg-bsc-is-top-trending-crypto-today/" rel="noopener noreferrer nofollow"> CoinGecko: FEG BSC is top trending crypto today </a></p>
<p>The drop in market cap, a measurement of the total value of all mined coins, is likened to two major market updates. First, despite&nbsp;<a href="https://crypto.news/jim-cramer-bitcoin-cannot-be-killed-is-here-to-stay/" target="_blank" rel="noopener noreferrer nofollow">Jim Cramer</a>&nbsp;expressing optimism about Bitcoin, the ‘inverse Cramer’ theory urges caution, as some investors see his bullish stance as a potential contrarian indicator, raising concerns about market overheating.&nbsp;</p>
<p>The second was a decrease in Bitcoin price over a&nbsp;<a href="https://crypto.news/bitcoin-falls-10-in-three-hours-following-matrixport-proclamation/" target="_blank" rel="noopener noreferrer nofollow">three-hour span</a>&nbsp;following a report from crypto financial services firm Matrixport, indicating the unlikeliness of spot Bitcoin ETFs to be approved by the U.S. Securities and Exchange Commission (SEC).</p>
<p>At the time of writing, the total cryptocurrency trading volume on the last day was $145 billion, with Bitcoin at 49% and Ethereum at 15.5%. Data from the report includes 11,982 cryptocurrencies, with the largest gainers in the industry being tokens in the Polkadot ecosystem and BRC-20 cryptocurrencies.</p>
<p>Read more: <a href="https://crypto.news/coingecko-details-the-largest-crypto-airdrops-of-all-time/" rel="noopener noreferrer nofollow"> CoinGecko details the largest crypto airdrops of all time </a></p>

CoinGecko reports crypto market cap down 7.2%

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