Crypto Market Weakness: Zcash and NEAR Buck the Trend
The cryptocurrency market is experiencing broad weakness, but some assets are bucking the trend. According to CryptoMarketCap, Bitcoin (BTC) is trading near $78,400, a decrease of 0.60% in the last 24 hours.
Most large-cap cryptocurrencies such as Ethereum (ETH), BNB (BNB), XRP (XRP), and SOL (SOL) are also down by between 1.74% and 3.73%. However, some assets like Zcash (ZEC) and NEAR (NEAR) are moving against the market.
The market capitalization of all cryptocurrencies stands at $2.67T, a decrease of 0.86% in the last day, while the trading volume is up by 4.12%. The Fear & Greed Index indicates that the market is currently in a state of greed.
Consensys plans to split into two companies by year-end, with MetaMask becoming the consumer-focused company and Consensys retaining institutional Ethereum infrastructure. Arbitrum's Watchdog Committee has proposed permanent bans for three DAO programs over governance allegations.