Market Update September 2

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The cryptocurrency market experienced a slight downturn yesterday, with Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, both declining. Bitcoin fell by 1.23% to $57,450.77, while Ethereum dipped by 1.61% to $2,438.15.

The overall market capitalization of cryptocurrencies also retreated, dropping by 1.50% to $2.01 trillion. However, the 24-hour trading volume increased by 6.49% to $55.8 billion.

Bitcoin’s dominance within the crypto market remained relatively stable at 56.4%, while Ethereum’s dominance increased slightly to 14.6%.

Other altcoins have moved as follows: BNB -3.31%, Solana -3.78%, XRP -2.28%, Dogecoin -4.81%, TRON -0.37%, and Cardano -4.89%.