Cryptos Subdued, Overall Market Cap Falls Below $800 Billion

Cryptocurrencies remain subdued early on Wednesday, with market capitalization briefly breaching the $800 billion level.

Overall crypto market capitalization dropped to $797 billion, an overnight decline of 1.5 percent, before recovering to its current level of $800 billion.

In the ranking of all assets according to market capitalization published by companiesmarketcap.com, in addition to precious metals Gold (market cap: $11.96 trillion), and Silver (market cap: $1.36 trillion) five corporates viz Apple (market cap: $2.07 trillion), Saudi Aramco (market cap: $1.89 trillion), Microsoft (market cap: $1.77 trillion), Alphabet (market cap: $1.13 trillion) and Amazon (market cap: $847.14 billion) command market capitalization higher than the overall crypto market capitalization of $800 billion.

Bitcoin is trading at $16,669.33, down 0.97 percent on an overnight basis. BTC traded between $16,848.08 and $16,608.18 in the past 24 hours. Bitcoin’s market dominance is currently at 40.1 percent.

Ethereum is trading at $1195.31, having shed 1.93 percent in the past 24 hours. ETH traded between $1,219.92 and $1,191.76 in the past 24 hours. Ethereum currently dominates 18.3 percent of the overall crypto market.

57th ranked BitDAO (BIT) is the best performer in the top 100 category with a 0.25 percent overnight gain.

38th ranked Terra Classic (LUNC), 84th ranked Lido Dao (LDO) dropped more than 10 percent overnight.

17th ranked Solana (SOL), 69th ranked Aptos (APT), 87th ranked Chain (XCN) have all declined more than 9 percent in the past 24 hours.

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