CryptosOnline.com Cryptocurrency Market Update: Thursday, February 1, 2024

Cryptocurrency Market Update:

Market Cap: $1,715.82 B | 24h Vol: $69.48 B | BTC Dominance: 48.94%


Yesterday’s statistics hinted at a slightly more robust market with a Market Cap of $1,723.58 B, a 24h Volume of $70.36 B, and BTC Dominance at 48.85%. Today, however, we observe a modest shift in the crypto landscape. The total market cap has dipped to $1,715.82 billion, a slight decrease from yesterday’s $1,723.58 billion. Similarly, the 24-hour trading volume has seen a minor contraction, currently standing at $69.48 billion compared to yesterday’s $70.36 billion. In contrast, Bitcoin’s market dominance has inched up, marking a subtle increase from 48.85% to 48.94%.

In today’s market overview, we spotlight several noteworthy movers that have made significant waves:

  1. CHAINLINK (LINK): Current Price – $16.77, showing a notable increase of 7.59%. Chainlink’s performance stands out as a positive mover in today’s market.
  2. SEI (SEI): Trading at $0.64, SEI has experienced a decline of 7.67%, reflecting a significant downward trend.
  3. THORCHAIN (RUNE): Priced at $4.54, THORCHAIN registers a decrease of 7.65%, aligning with the day’s bearish sentiments.
  4. ORDI (ORDI): Currently valued at $57.24, ORDI has seen a decline of 7.71%, continuing the trend of notable decreases.
  5. SATS (ORDINALS) (SATS): SATS records a substantial drop of 11.26%, with its price standing at a fractional $0.0000004770.
  6. JUPITER (JUP): JUPITER, with its current price at $0.58, faces the day’s steepest decline of 13.88%.

As the market presents these fluctuations, we turn to you, our readers: What are your thoughts on the current market trends? Do you foresee a continuation of this pattern, or are we on the cusp of a turnaround as we enter a new month? We encourage our community to engage in this discussion. Share your insights, comments, and perspectives. Don’t forget to like and share this update!

Visit us at CryptosOnline.com for more in-depth analyses and the latest crypto news.

Hashtags: #CryptoMarket #BTC #LINK #SEI #RUNE #ORDI #SATS #JUP #Cryptocurrency

Disclaimer: This market update is for informational purposes only and should not be considered as financial advice.

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