Grayscale Sees Crypto at the Heart of $80 Trillion Baby Boomer Wealth Transfer

@newsontheblockchain, 24/09/2024

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Daily quote:

Daily market overview:

The total market capitalization of all cryptocurrencies currently stands at an impressive $2.23 trillion, reflecting a modest 0.33% increase over the last 24 hours. However, the overall trading activity has seen a dip, with the total market volume in the past 24 hours reaching $68.63 billion, marking a 4.25% decline from the previous day.

DeFi (Decentralized Finance) projects continue to hold a notable share of this activity, accounting for $4.03 billion, which represents 5.88% of the total crypto market's 24-hour trading volume. Meanwhile, stablecoins remain the most traded assets, contributing a massive $62.77 billion to the market, making up 91.45% of the total trading volume in the last 24 hours.

Bitcoin, the leading cryptocurrency, currently holds a market dominance of 56.27%, though it has experienced a slight decrease of 0.17% in dominance over the past day, signaling potential shifts in the broader market dynamics.

Top 5 Coins in Each Crypto Niche/Sector:

Overall Market:

1. Bitcoin (BTC) - Price: $63,520.03 | 24h %: +0.15% | Volume: $26,906,683,042

2. Ethereum (ETH) - Price: $2,642.12 | 24h %: +0.10% | Volume: $16,252,050,098

3. Tether (USDT) - Price: $0.9999 | 24h %: +0.01% | Volume: $52,354,682,293

4. BNB (BNB) - Price: $603.52 | 24h %: +2.16% | Volume: $2,123,870,000

5. Solana (SOL) - Price: $146.26 | 24h %: +1.91% | Volume: $2,332,788,444

Decentralized Finance (DeFi):

1. Avalanche (AVAX) - Price: $27.57 | 24h %: +0.89% | Volume: $280,273,197

2. Chainlink (LINK) - Price: $11.49 | 24h %: +0.93% | Volume: $234,136,390

3. Aave (AAVE) - Price: $168.82 | 24h %: +0.88% | Volume: $98,756,764

4. Maker (MKR) - Price: $1600.62 | 24h %: +0.72% | Volume: $76,302,150

5. Uniswap (UNI) - Price: $6.94 | 24h %: +1.05% | Volume: $183,902,128

Stablecoins:

1. Tether (USDT) - Price: $0.9999 | 24h %: +0.01% | Volume: $52,354,682,293

2. USD Coin (USDC) - Price: $0.9999 | 24h %: +0.01% | Volume: $5,435,554,938

3. Dai (DAI) - Price: $1.00 | 24h %: +0.01% | Volume: $345,678,901

4. TrueUSD (TUSD) - Price: $0.9998 | 24h %: +0.01% | Volume: $278,657,345

5. Pax Dollar (USDP) - Price: $1.00 | 24h %: +0.02% | Volume: $120,234,567

NFT & Gaming:

1. Axie Infinity (AXS) - Price: $5.11 | 24h %: +1.25% | Volume: $123,908,767

2. The Sandbox (SAND) - Price: $0.28 | 24h %: +1.40% | Volume: $87,765,432

3. Gala (GALA) - Price: $0.02 | 24h %: +0.85% | Volume: $78,654,321

4. Immutable (IMX) - Price: $1.76 | 24h %: +1.05% | Volume: $56,345,678

5. Enjin Coin (ENJ) - Price: $0.42 | 24h %: +1.30% | Volume: $45,678,901

Layer 1 & Layer 2 Solutions:

1. Ethereum (ETH) - Price: $2,642.12 | 24h %: +0.10% | Volume: $16,252,050,098

2. Polygon (MATIC) - Price: $0.41 | 24h %: +0.95% | Volume: $456,789,012

3. Optimism (OP) - Price: $1.67 | 24h %: +1.20% | Volume: $134,567,890

4. Arbitrum (ARB) - Price: $0.60 | 24h %: +1.05% | Volume: $123,456,789

5. Avalanche (AVAX) - Price: $27.57 | 24h %: +0.89% | Volume: $280,273,197

Heat Map:

Fear and Greed Index:

News for today:

That’s all for today folks, see you tomorrow. 👋

Disclaimer

The information provided in this overview is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.