The global cryptocurrency market capitalization plunged 64% over the past 24 hours to approximately $1.01 trillion as most cryptocurrencies experienced steep price declines.
Total crypto market volume over the last 24 hours also fell by about 56% to $37.91 billion, indicating that the sell-off slowed trading activity as investors waited to assess the next catalysts.
Bitcoin price dives, dragging other coins down
Bitcoin dominance in the crypto market rose to around 70% over the past day, while Bitcoin (BTC) itself was among the hardest hit, falling roughly 7% to trade below $61,000.
Other major cryptocurrencies—including Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), Ripple (XRP), Polkadot (DOT), Dogecoin (DOGE), Shiba Inu (SHIB) and Terra (LUNA)—along with most of the top 100 coins, recorded declines of more than 5%.
Top losers
The largest loser today was PolypuX (PUX), which plunged about 97% in the last 24 hours.
Other notable decliners included My Shiba Academia (MSA), down 81%; GnomeToken (GNOME), down 77%; Qrkita Token (QRT), down 69%; and FlokiZap (FLOKIZ).
Top gainers
Despite broad weakness across the market, a handful of altcoins posted remarkable price gains.
The biggest gainer today was Ethereum Meta (ETHM), with its price rising an extraordinary 54,925% over the past 24 hours.
Other top performers included Makk (MAKK), up 651%; GenshinShibInu (GSHIB), up 613%; Secured Ship (SHIP), up 587%; and HIKOBABA (HIKO), which increased 261%.
Notable mainstream tokens that saw significant gains today included Atlas Protocol (ATP), up 112%; Galatasaray Fan Token (GAL), up 79%; and BORA token, up 55%.