Summary
- Global crypto market capitalization fell 3.6% to $2.61 trillion in 24 hours.
- NEAR Protocol dropped 6.6% to $4.08, the steepest decline among trending coins.
- Bitcoin held roughly flat near $78,037, keeping its market dominance near 60%.
The global crypto market capitalization stood at $2.61 trillion as of Monday, down 3.63% over the prior 24 hours, according to CoinGecko data. Trading volume across the sector totaled $47.7 billion. Bitcoin traded near $78,037, up a modest 0.31%, while its share of total crypto market value held at roughly 60%. Ethereum rose 0.67% to $2,281, pushing its dominance to 10.65%. The divergence between steady large-cap prices and a sharper market-wide decline points to selling concentrated in mid-cap and altcoin names.
NEAR Protocol was the session's weakest performer among widely tracked tokens, falling 6.58% to $4.08, according to the top losers list, with trending data showing a similar 6.30% drop to $4.09. Ethena also declined, down 5.40% to $0.1776, while Starknet slipped 4.61% and Aerodrome Finance fell 3.28%. Hyperliquid, the eleventh-largest cryptocurrency by market capitalization, dropped 2.31% to $85.70. The breadth of losses across DeFi and layer-1 tokens suggests risk-off positioning extended beyond any single asset.
On the upside, OKB led gainers with a 1.77% rise to $112.90, followed by Tron, up 1.68% to $0.3152. Zcash advanced 1.50% to $1,262.64, while Tether Gold, a gold-backed token, edged up 0.58% to $3,894.75, reflecting demand for less volatile holdings during the broader pullback.
The selloff coincided with fallout from a record hack at Binance, with the exchange reporting net outflows surging to $5.8 billion as withdrawals resumed following a phased reopening of services. Binance has said the outflows represent a fraction of its approximately $171 billion in customer assets. Separately, THORChain halted swaps across ten networks, including Bitcoin, Ethereum, Solana and Tron, after a block reorganization bug, a move aimed at slowing the movement of stolen funds. BTCPay Server also warned operators running outdated software of hot wallet thefts, adding to a backdrop of heightened security concerns across the sector.
Trending search data showed elevated interest in Bitcoin, Lighter and Injective alongside NEAR, indicating traders were closely tracking both the exchange security fallout and broader price weakness. With market capitalization down 3.6% on the day and altcoins bearing the brunt of selling, near-term price direction is likely to hinge on how quickly exchange withdrawal flows normalize and whether further details emerge on the scope of the hack.