- The crypto market cap is down slightly over the last 24 hours.
- All of the top 10 crypto altcoins experienced 24-hour price drops.
- A recent Santiment tweet warns that some short-term bearishness may enter the market.
The global crypto market cap has dropped 0.53% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, the global crypto market cap is estimated to be $987.74 billion. The 24-hour drop in the crypto market cap can mainly be attributed to the drop in prices seen with the top 10 crypto altcoins over the last day.
At press time, the altcoin leader Ethereum (ETH) saw its price drop 0.38% over the last 24 hours. As a result, ETH is trading at $1,561.54, bringing its market cap down to $191,091,962,920.
Meanwhile, the prices of Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) have all printed 24-hour losses. BNB’s price is down 1.40% to trade at $298.82, XRP’s price is down 1.28% to trade at $0.3884, while ADA’s price is down 2.22% – bringing the Ethereum-killer’s price down to $0.3496 at press time.
Lastly, Dogecoin (DOGE) and Polygon (MATIC) posted 24-hour losses of 2.75% and 0.16% respectively.
Despite the negative 24-hour price performance of the top 10 crypto altcoins, almost every altcoin’s price is up by double digits over the last 7 days. The only altcoin coin that is not up by 10% or more is BNB, whose weekly gain stands at 8.73%.
The blockchain intelligence firm, Santiment, tweeted yesterday that the upswing seen in crypto prices since Jan 1 of this year may be briefly halted by some short-term profit-taking and bearish sentiment.
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