Crypto market cap slips as Bitcoin and Ethereum advance

TLT Market Desk — Total crypto market capitalization stood at $2.63 trillion, down 0.80% over 24 hours. The decline occurred despite gains in the two largest assets, leaving the broader market without a single clear direction or catalyst.

Bitcoin traded at $78,493 after rising 1.86% over 24 hours, while Ethereum reached $2,325.58 following a 2.43% gain. Crypto.news reported that Bitcoin had reclaimed the $78,000 level after a U.S. midterm-related selloff.

Bitway led the listed gainers with a 21.52% increase, although no relevant headlines were found in the previous 60 hours to explain a coin-specific catalyst. Venice Token rose 14.97% with no clear project-specific catalyst identified, while Zcash advanced 11.69% amid broader market strength and possible interest linked to its upcoming NU7 upgrade.

Derive gained 10.23% over 24 hours, also without a relevant recent headline or clear coin-specific reason. No assets were recorded as losers above the stated threshold, leaving the downside list empty.

Bitcoin dominance remained approximately 59.9% as the Fear & Greed Index stood at 34, classified as Fear. The readings showed a market in which Bitcoin retained a majority share of capitalization and broader sentiment remained subdued despite gains in major assets.

Recent context included a Coinfomania report of $143 million in USDG lending on Morpho by Arbitrum. Other headlines covered Solana trading below $100 for a fourth consecutive day, Hong Kong passing a crypto tax-reporting law with rules starting in 2027, and questions about the effect of shifts in U.S. political balance on cryptocurrencies.