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Crypto Market Today: Bitcoin Slips Below $80,000 as ETF Outflows Drag Market Cap to $2.65 Trillion

Picture: Blockchain Reporter

The total crypto market capitalization fell 1.40% over the past 24 hours to about $2.72 trillion, according to CoinMarketCap, while trading volume rose 2.8% to about $65.6 billion. Bitcoin’s share of the market stands at 60.1% and Ether’s at 10.7%. Privacy coins are splitting. Monero (XMR) rose 4.15% to about $615.63 and is up 13.35% over the week, the best performer in the top 20, while Zcash (ZEC) fell 3.32% and is down 8.03% over the week. Analysts describe Monero’s climb as a rotation within the sector rather than a reaction to news, with futures volume far exceeding spot trading.

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