According to Foresight News , 10x Research tweeted that the total market capitalization of the crypto market is currently $2.3 trillion, down 1.7% from last week. The weekly average trading volume is $90 billion, down 7% from the average, marking the lowest level since 2022. Bitcoin's weekly trading volume is $38.2 billion, 5% lower than the average; Ethereum's weekly trading volume is $18.3 billion, 18% lower than the average. Ethereum's network fee is currently 0.12 Gwei, at the 17th percentile historically, indicating low network utilization.
In addition, Bitcoin funding rates rose 4.1% this week to 1.5% (13th percentile over the past 12 months), with open interest increasing by $100 million to $21.5 billion; Ethereum funding rates rose 3.7% to 2.8% (12th percentile over the past 12 months), with open interest increasing by $100 million to $11.8 billion. Bitcoin dominance is currently at 58%, down 0.1% from last week; Ethereum dominance is at 10.5%, up 0.1%.
