The global cryptocurrency market cap now stands at $2.33 trillion, marking an increase of 0.66% over the last day as observed from the latest data. Bitcoin (BTC), the leading cryptocurrency, has been fluctuating significantly between the price points of $67,643 and $69,000 over the past 24 hours. As of 09:30 AM (UTC) today, Bitcoin is trading at $68,395, which represents a modest increase of 0.68%.
In the broader cryptocurrency landscape, most major cryptocurrencies by market capitalization are showing a mixed performance. Noteworthy outperformers include SLP, YGG, and WLD, which have surged by 16%, 14%, and 13% respectively. In the top stories of the day, Binance has emerged as a frontrunner among global cryptocurrency exchanges, boasting over $100 trillion in cumulative trading volume.
Additionally, Bitcoin's market capitalization has surpassed that of Ethereum by an impressive $1 trillion. Furthermore, Ethereum Layer 2 networks are witnessing a notable increase in total locked value, indicating a growing interest in these scaling solutions. In a significant development for the South American market, Brazil's Central Bank has announced its plans to expedite the regulation surrounding asset tokenization and stablecoins, with an aim to implement these regulations by the year 2025. Looking at the market movers today, Ethereum (ETH) is trading at $2,646.99, up by 0.68%.
Binance Coin (BNB) has seen a slight increase to $598.3 (+0.13%), while Solana (SOL) is priced at $154.74 (+0.47%). On the other hand, XRP saw a decrease, trading at $0.5471 (-0.60%). Notably, Dogecoin (DOGE) has rallied to $0.14509, marking an increase of 8.03%. Other notable currencies include TRX at $0.1583 (-0.50%), TON at $5.276 (+1.09%), ADA at $0.3551 (+2.13%), AVAX at $28.08 (+1.56%), and SHIB at $0.00001933 (+2.87%). In terms of top gainers on Binance, SLP/USDT has led the pack with a remarkable increase of 16%, followed closely by YGG/USDT, which rose by 14%, and WLD/USDT, climbing by 13%..