The crypto market has seen a noteworthy development based on the latest statistics. As per the data from Phoenix Group, the cumulative market capitalization touched the $3.30T mark across 31,916 crypto assets on the 12th of January. Additionally, the trading volume of the crypto market has reached $70.15B over the recent twenty-four hours. Apart from that, the fear and greed index is also neutral at 48. In line with this data, crypto market presents a relatively stable outlook.
Bitcoin ($BTC) Secures a 56.6% in Market Dominance, $ETH Follows
As mentioned in Phoenix Group’s provided data, the crypto market’s market capitalization has hit the $3.30T spot. The on-chain data and analytics provider also discussed the current position of the top cryptocurrencies.
In this respect, Bitcoin ($BTC) is trading at $94,145 while Ethereum’s price is $3,239. In addition to this, $BTC has a market dominance of 56.6% while $ETH stands at 11.9%. Along with that, Bitcoin reportedly has a $186.72B in DeFi total value locked. However, Ethereum ($ETH) accounts for “2 GWEI” in terms of gas.
$ADA, XRP, and $XLM Lead in Dips and Bounces over 24 Hours
Moreover, the total Bitcoin longs denote a 49.80% of the market while shorts show 50.20% market share. In the case of Binance, Bitcoin shorts stand at 50.69% while longs indicate a 49.31%. The data also includes the prominent crypto tokens in terms of dips and bounces over recent twenty-four hours, taking into account $ADA, $XRP, $XLM, $FLR, and $HYPE. These tokens saw -3.61%, -3.00%, -5.21%, -3.68%, and -2.17% dips respectively. Furthermore, they also beheld price bounces of 8.81%, 7.41%, 7.19%, and 5.65% respectively.
$ETH, $XRP, and $BTC Dominate Others in 24-Hour Price Liquidations
According to the data, the well-known crypto tokens like $ETH, $XRP, $BTC, $SOL, and $DOGE have also seen significant liquidations over past 24 hours. In this respect, $ETH and $XRP recorded $22.88M and $14.96M in liquidations. Nonetheless, $BTC and $SOL witnessed $14.51M and $7.72M in liquidations. On the other hand, $DOGE’s liquidations reached $5.84M. Investors need to stay alert to watch for any signs of significant developments based on the new updates.
