The capitalization of the cryptocurrency market fell by 2% once again

The last 24 hours have not added to the optimism of crypto market players — the total capitalization of the industry has dropped by almost 2% to $ 1.1 trillion. Analytical trackers record that this is 1.81% lower than yesterday. At the same time, the level of bitcoin dominance over altcoins has increased and reached 46.6%.

Theflagship cryptocurrency is trading at $ 26,392, which is 0.37% lower than 24 hours ago. The coin’s market capitalization is $ 554.6 billion, and bidders have made transactions worth $ 17 billion.

BTC is still trading 62% cheaper than its all-time high. The decline in the exchange rate has led to the Crypto Fear & Greed Index also losing several points and falling to 50. Analysts note that traders are neutral about buying the main crypto asset.

The leading altcoin shows similar behavior. At the time of writing, ETH fell by 0.66% to $ 1,839. The total supply of coins circulating on the market amounted to $ 221 billion. Traders made daily trading deals worth $ 6.9 billion.

As for the other cryptocurrencies in the top 10, Binance Coin (BNB) saw a significant drop in its price. The digital coin fell by another 5.54%, losing a total of 14% over the past week. The asset trades at an average price of $ 262.08, and its market capitalization has dropped to $ 40.86 billion. Daily deal volumes reached $ 986.91 million.

The rate of Solana (SOL) has also fallen significantly. Over the past day, the crypto asset lost 6.75% of its value. The digital token can be purchased for $ 18.73, and the total supply of coins circulating on the market amounted to $ 7.17 billion. The daily volume of transactions with SOL exceeded $ 407.67 million.

As a reminder, cryptocurrency analysts have named the worst digital assets of May. They are Optimism (OP), Sui (SUI), and GMX (GMX).