Crypto market capitalization decreased by almost 2% in 24 hours

The last 24 hours have not brought any reason for optimism by the participants of the cryptocurrency industry. The fact is that the total capitalization of the industry has decreased by almost 2% over the past 24 hours, as on June 8, 2023. Thus, this indicator was fixed at $ 1.1 trillion, which is 1.81% lower than the same values of a day ago. At the same time, the level of dominance of bitcoin (BTC) over altcoins increased by several tenths of a percent and reached 46.5%.

The flagship cryptocurrency itself was trading at $26,444, losing 1.4% over the reporting time period. The market capitalization of the virtual coin was $512.9 billion. Daily transaction volumes decreased slightly and were fixed at $17.13 billion.

The BTC cryptocurrency was still trading 62% cheaper than its historical price maximum. The depreciation led to the fact that the Bitcoin Fear and Greed Index also lost several points and fell to 50 from 53. This indicated that the mood of traders was neutral.

As for other cryptocurrencies, among the top 10, the quotes of Binance Coin (BNB) seriously sank. This digital coin has fallen in price by another 5.54%, having already lost about 14% over the past week. It was possible to purchase a virtual asset at an average cost of $262.08, and the market capitalization decreased to $40.86 billion. Daily transaction volumes were at $986.91 million.

In addition, the rate of Solana (SOL) has seriously fallen. This crypto asset has lost 6.75% of its value at once over the past 24 hours. It was possible to buy a digital token for $18.73, and the total supply of assets circulating in the market was $7.17 billion. Daily volumes of transactions with SOL — $407.67 million.