On December 1, 2024, the global cryptocurrency market reached a market capitalization of $3.43 trillion, with a trading volume of $144.53 billion in 24 hours. Bitcoin dominated the market with 56.1% dominance and a price of $97,056, while Ethereum took 13% of the share and was priced at $3,706. DeFi protocols also saw an increase in popularity, with Total Value Locked (TVL) amounting to $204.92 billion. The market showed signs of extreme greed among investors, and price fluctuations were evident, with various tokens experiencing significant gains. Ethereum, Bitcoin, and XRP saw the highest liquidations in the past 24 hours, indicating leveraged positions unwinding during market volatility. The DeFi sector continued to grow, attracting institutional and retail investment. The market remained resilient, with bullish trends prevailing, and careful leverage management was highlighted as important in volatile conditions.
- Content Editor ( blockchainreporter.net )
- 2024-12-01
Ethereum and Bitcoin Dominate Crypto Market Amid $144.53B Trading Volume