After a week of surging, cryptocurrency markets have slowed. According to CoinMarketCap data, the worldwide market cap declined 1.89 percent in the last 24 hours to USD1.86 trillion as of 8:00 am. Bitcoin is down 2.75 percent and currently trades at USD40,745. Ethereum is down 2.68 percent to USD2,848 at the same time.
Stablecoins exhibited a modest downward trend. In the last 24 hours, the USDT Tether stablecoin has dropped by 0.01 percent. The USDC stablecoin is down 0.03 percent as well.The BNB coin has declined along with the rest of the top tokens, and it is currently down 2.06 percent. XRP Ripple has shown a downward trend and is currently down 2.19 percent.
Terra LUNA is the only top token that is rising in value. It has increased by 0.71 percent in the last 24 hours. The value of the ADA coin has dropped by 2.35 percent. Solana and Avalanche are both down 3.73 and 4.76 percent, respectively. Ecowatt token has risen by more than 235 percent in the previous 24 hours. PolkaCipher, Revolotto, and Space SIP have all increased by more than 150 percent.
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