Crypto Market Cap Decreases by 1% to $3.58T as All Top 100 Coins Record Price Increases

The crypto market has seen another rise today, with nearly all top 100 coins recording a price increase over the past 24 hours.

Like yesterday, all top 10 coins per market cap have seen their prices increase over the past 24 hours.

The world’s top coin, Bitcoin (BTC) has risen by just 0.3%, meaning it’s unchanged in this timeframe, now trading at $109,531. This is also the smallest increase in this category.

Ethereum (ETH) has recorded another notable rise. It’s up 4.6% to the price of $2,798.

The category’s highest gainer is Dogecoin (DOGE), which is now up 5.4%, changing hands at $0.2013.

Moreover, looking at the top 100 coins, we find that only seven are down. Bittensor (TAO) fell the most among these: 3.1% to $421.

Uniswap (UNI) noted the highest increase today, as it appreciated 18.1% to $8.41.

Six other coins recorded double-digit increases.

Investors, both crypto and TradFi, were focused on the US-China discussions in London for the past two days, where participants addressed tariffs and restrictions on shipments of key products, such as rare earth minerals and chips. On Tuesday, the parties said they on “a framework” on both issues, though the specifics remain unclear.

Moreover, Wednesday morning in the US will see the consumer price index for May, which will indicate how tariffs are affecting inflation.

“The World Bank sharply downgraded its forecast for global economic growth this year, citing lingering effects of Russia's war in Ukraine, trade tensions and the U.S. sanctions on Russia,” The Associated Press reports.

Meanwhile, Sean Dawson, Head of Research at the onchain options AI-powered platform, Derive.xyz, argued that prices surged after the US Securities and Exchange Commission (SEC) announced exemptions for DeFi projects. ETH is “the big winner as it paves the way for rapid expansion.”

Sebastian Pfieffer, managing director of Impossible Cloud Network, noted that Ethereum works to comply with European laws, but that “now it’s Europe’s turn to embrace decentralization, rather than putting unnecessary roadblocks in place.” This way, “Europe can be free of US political control over its cloud infrastructure,” he says.