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The market showcases a blend of resilience and volatility today, March 24th, 2024. As of the latest data in CoinMarketCap, Bitcoin remains top, maintaining its lead amidst fluctuations. Ethereum faces short-term turbulence while Solana's market cap sees minor fluctuations. XRP shows signs of stability and strength, and Dogecoin is experiencing a surge amidst speculation.
BTC Data Chart: (Source: CoinMarketCap)
Bitcoin has maintained its position as the market leader with a value of $64,977.48, experiencing a modest 1.04% increase over the last 24 hours as of writing. With a market cap of $1.28 Trillion, Bitcoin continued to dominate the crypto space, accounting for 1.82% of its market cap in trading volume, which stood at $23.3 Billion over the last 24 hours.The circulating supply of Bitcoin amounts to 19,662,887 BTC, representing 93.63% of its total supply of 21 Million BTC, keeping in mind the most anticipated Bitcoin halving set for mid-April. That will increase the total supply of BTC.
Ethereum comes as the second-largest cryptocurrency after BTC and has witnessed a slight uptick today, with its value reaching $3,371.791, marking a 0.33% increase within the past 24 hours. Despite facing over 5.7% decrease over the past 7 days, Ethereum's market cap surges to $405 billion, reflecting an increase of 0.33% as of writing. The trading volume for Ethereum over the last 24 hours totals over $12.5 billion, constituting approximately 3% of its market cap.
Solana has experienced a marginal 0.07% decrease in its value today so far, settling at $174.25 as of writing. Despite enduring a 6.19% decline over the past week, Solana's market cap remained relatively stable at $77.4 billion while the trading volume dropped by 39.73% over the last 24 hours, reaching $2.3 billion, which accounted for approximately 3.03% of its market cap.
SOL Data Chart (Source: CoinMarketCap)
Solana boasts a circulating supply of 444,063,008 SOL against its total supply of 572.4 million SOL.
XRP, the cryptocurrency closely associated with Ripple Labs, is demonstrating resilience with a 2.45% increase in its value, reaching $0.632. Despite market fluctuations, XRP maintains its position with a market cap of $34.7 billion. However, the trading volume for XRP over the last 24 hours has decreased by 24.73% and now amounts to $1.24 billion, representing 3.57% of its market cap. XRP now has a circulating supply of 54.9 billion XRP, accounting for 54.88% of its total supply.
Dogecoin has also witnessed a notable surge today, with its value climbing by 6.35% to reach $0.173. Over the past 7 days, Dogecoin experienced a remarkable 16.20% increase, reflecting growing investor interest. With a market cap of $24.8 billion, Dogecoin solidified its position as one of the top cryptocurrencies.
DOGE Data Chart (Source: CoinMarketCap)
The trading volume for Dogecoin also surges by 10.06% over the last 24 hours, amounting to close to 3 billion, which represents 12.07% of its market cap. Dogecoin boasts a circulating supply of 143.6 billion DOGE, matching its total maximum supply.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
