Market Overview
The cryptocurrency market experienced a slight pullback over the past 24 hours, with the total market capitalization slipping to around $3.15 trillion.
Bitcoin Details
Bitcoin (BTC), the leading digital asset, started the week strongly but faced a setback. After briefly surpassing $92,000, BTC slipped below the $90,000 mark. As of now, Bitcoin is trading at approximately $90,200, marking a 2% daily decline. This retreat occurred shortly after Strategy, formerly known as MicroStrategy, announced a significant accumulation of over 10,600 coins, bringing its total holdings to 660,624 BTC. Historically, Bitcoin often experiences a dip following such announcements.
Market Capitalization & Dominance
Bitcoin’s market capitalization has decreased to around $1.8 trillion, with its dominance over altcoins at approximately 57.05%.
Upcoming FOMC Meeting
The upcoming FOMC committee meeting, scheduled for this week, is expected to introduce further volatility. The U.S. central bank is anticipated to announce a quarter‑percentage cut to the benchmark interest rate on December 10.
Altcoin Performance
Among altcoins, Hyperliquid (HYPE) experienced the most significant loss, plummeting by 9% daily. Quant (QNT) and Kaspa (KAS) also saw declines of around 6%. Other altcoins such as Internet Computer (ICP), Uniswap (UNI), Bitcoin Cash (BCH), Pepe (PEPE), Chainlink (LINK), and Dogecoin (DOGE) are also trading in the red.
Positive Movers
MemeCore (M) and Canton (CC) are the best‑performing top‑100 cryptocurrencies today, with gains of 7% and 5%, respectively. Zcash (ZEC) also saw a 4% increase and is currently trading above $400.
Overall Market Summary
As of now, the total cryptocurrency market capitalization stands at around $3.16 trillion, reflecting a 2% decrease from the previous day.
