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TronWeekly

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Crypto Market Cap Today: Why Is the Global Market Cap Low Despite the Rise in Token Price?

  • The global crypto market cap has decreased by 1.9% in the last 24 hours despite top tokens such as Bitcoin and Ethereum trading at higher prices.
  • Bitcoin's dominance in the total market cap means that even small price increases might not significantly impact the overall market cap volume.
  • Bitcoin constitutes about 62.7% of the total market cap, with Ethereum making up 9.27%, indicating the significant influence Bitcoin has on the crypto market.
  • Altcoins like Ethereum, XRP, Solana, Stellar, and Hyperliquid are playing a role in sustaining the market, with some showing high trends and gains in the last 24 hours.

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