Crypto Market Cap Drops 4.92% to $2.69 Trillion

TLT Market Desk — The total cryptocurrency market capitalization decreased by 4.92% over the past 24 hours, falling to $2.69 trillion. This downturn reflects a broader market correction affecting most major digital assets.

Bitcoin's price dropped by 1.34% to $80,486, while Ethereum fell by 1.51% to $2,361.6. Bitcoin's dominance remained strong at approximately 60.1%, indicating it continues to hold its position as the market leader despite the decline.

MemeCore (M) was the biggest gainer, rising by 25.53%. This increase appears to be driven by a significant rally that shifted its position against Pepe (PEPE), which faced a downturn during the same period.

Quack AI (Q) led the losers with a 40.54% drop, as its price crashed sharply by 22%, testing key support levels. Other notable losers included Pepe (PEPE) with a 13.55% decline, likely due to profit-taking after recent gains, and Akedo (AKE) and Worldcoin (WLD), both down around 13%, moving in line with the broader market downturn.

Market sentiment remained neutral, with the Fear & Greed index at 51. Despite the overall decline, the neutral sentiment suggests investors are not overwhelmingly pessimistic about the market's short-term prospects.

In other news, discussions around blockchain technology continue to gain traction, with reports of Wall Street finding new uses for blockchain and Israeli Prime Minister Netanyahu exploring blockchain amid banking sanctions concerns. These developments indicate ongoing interest in the technology's potential applications beyond cryptocurrencies.