Crypto Market Cap Drops 3.91% to $2.71 Trillion

TLT Market Desk — The total cryptocurrency market capitalization decreased by 3.91% over the past 24 hours, settling at $2.71 trillion. This decline marks a broader trend of market adjustment following recent fluctuations.

Bitcoin's price dipped by 0.25% to $81,160, while Ethereum saw a more pronounced drop of 1.75%, settling at $2,369.15. Bitcoin's dominance remained strong at approximately 60.2%, underscoring its continued influence on market movements.

Backpack (BP) emerged as the top gainer, rising by 10.93%, although no specific catalyst for this increase has been identified. Provenance Blockchain (HASH) also performed well, gaining 9.26%, seemingly moving in tandem with the broader market trends.

Bitway (BTW) led the losers with a 12.62% decline, despite recent gains, without a clear reason for the downturn. Starknet (STRK) followed with an 11.07% drop, likely due to a correction after previous increases and broader market sentiment. Pyth Network (PYTH) and Celestia (TIA) also experienced significant losses of 8.50% and 7.69%, respectively, attributed to profit-taking and market conditions.

Market sentiment remains in the 'Neutral' zone, with the Fear & Greed index at 53. This indicates a cautious investor outlook amid the recent market fluctuations.

In other news, Cysic has suspended its bridge after a hacker minted 10 million CYS and moved $727,000 to Ethereum, according to Blockonomi. Meanwhile, Uniswap's reserves have dropped to 72.9 million, raising questions about UNI's potential for a rebound, as reported by AMBCrypto.