Crypto
Crypto slips as the broader token market loses ground
Bitcoin and Ethereum both fall, while the total market cap shrinks 1.1%.
Crypto closes lower across the board. Bitcoin falls 0.9% to 64101.9414, Ethereum drops 2.1% to 1877.52, Solana loses 1.8% to 75.86, XRP falls 1.5% to 1.0963, and Dogecoin slips 1.1% to 0.0732.
The total crypto market cap declines 1.1% to $2.3T. Bitcoin dominance stands at 56.2%, while Ethereum dominance is 9.9%.
The asset-class backdrop is mixed, not catastrophic. Bitcoin still sits above its 50-day average but below its 200-day average, while Ethereum is above its 50-day average and below its 200-day average.
CoinDesk headlines on institutional product launches and fresh capital into crypto businesses show that the market’s longer-term structure remains active even as prices fade today.