Bluechip Crypto Assets Move Together as $1.71 Trillion Market Tests Recovery

Bluechip Crypto Assets Move Together as $1.71 Trillion Market Tests Recovery

The crypto market likes to pretend it’s decentralized until the bluechip crypto’s start moving. Then suddenly everything dances to the same rhythm. The data on CoinMarketCap shows that the top eight crypto assets by market capitalization: BTC, ETH, XRP, BNB, SOL, DOGE, TRX, and HYPE command a combined valuation of roughly $1.71 trillion. With the …