The cryptocurrency market is experiencing a widespread decline. According to HTX market information, Ethereum fell below $4,500 this morning, currently priced at $4,568. Bitcoin also dropped below $118,000 this morning, now quoted at $118,488. The total market capitalization of cryptocurrencies has fallen to $4.09 trillion, with a 24-hour decline of 3.9%. The three major U.S. stock indices are close to flat, with the S&P 500 index up 0.03%, the Nasdaq down 0.01%, and the Dow down 0.02%. The S&P 500 index has set a new historical closing high for three consecutive trading days. Major tech stocks are generally up, with Intel rising over 7%.
The altcoin market is broadly down, with Ethereum ecosystem tokens leading the decline, including:
REZ down 16.36% in 24 hours;
SSV down 15.13% in 24 hours;
ORDI down 15.48% in 24 hours;
EIGEN down 15.02% in 24 hours;
TNSR down 14.8% in 24 hours;
Cryptocurrency stocks are generally down, including:
Bitcoin mining company TeraWulf (WULF) surged 59.52%, signing two 10-year AI hosting agreements with AI cloud platform Fluidstack, with expected contract revenue of about $3.7 billion over the first 10 years;
Cryptocurrency exchange platform Bullish (BLSH) rose over 9.85%, with a trading volume of $2.513 billion;
Circle (CRCL) fell 9.08%, with a trading volume of $2.557 billion;
Coinbase (COIN) fell 0.65%, with a trading volume of $3 billion;
MicroStrategy (MSTR) fell 4.35%, with a trading volume of $6.145 billion;
SharpLink Gaming (SBET) fell 0.13%, with a trading volume of $1.056 billion;
Bitmine Immersion (BMNR) fell 2.04%, with a trading volume of $4.242 billion.
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