Crypto Market Cap Drops 2.55% to $2.82 Trillion

TLT Market Desk — The total cryptocurrency market cap decreased by 2.55% over the past 24 hours, settling at $2.82 trillion. This decline marks a minor correction following recent market movements.

Bitcoin and Ethereum both posted modest gains, with Bitcoin up 0.56% to $83,110 and Ethereum rising 0.55% to $2,504.34. Bitcoin's dominance remained strong at approximately 59.2%, indicating its continued influence on market trends.

Starknet (STRK) emerged as the top gainer, rising 55.07% as it aims to evolve from a layer-2 to a layer-1 blockchain. Conflux (CFX) and Celestia (TIA) also saw significant increases of 35.88% and 23.18% respectively, though no specific catalysts were identified for these gains.

Provenance Blockchain (HASH) led the losers with a 14.73% decline, followed by Bitway (BTW) at -12.70% and Derive (DRV) at -10.79%. These losses occurred despite a relatively flat market, with no clear catalysts identified for the downward movements.

Market sentiment remained in 'Greed' territory with a score of 61 on the Fear & Greed Index, suggesting a cautious optimism among investors. This sentiment is consistent with the modest gains observed in major cryptocurrencies.

In other news, Robinhood Chain transactions dropped 42%, raising questions about the platform's future trajectory. Meanwhile, ZKsync is reportedly eyeing an expansion into Japan, which could potentially drive further growth in the zero-knowledge space.