Crypto Market Sees Minor Shifts: Arbitrum Leads L2 Networks, Bitcoin and Ethereum Dip

The cryptocurrency market is experiencing a mix of stability and slight shifts, as evidenced by the latest data and news. The Total Value Locked (TVL) on L2 Beat currently stands at $9.45 billion, up from $9.39 billion yesterday, indicating a minor but positive change.

Focusing on the top Layer 2 (L2) networks, Arbitrum leads the pack with a TVL of $2.90 billion, reflecting a 0.79% increase from the previous day. Blast follows with a TVL of $1.97 billion, though it experienced a slight dip of 0.52% since yesterday. Base has a TVL of $1.59 billion, showing a 0.50% uptick. Optimism's TVL is at $697.83 million, marking a 0.43% increase, while Linea has seen a significant rise of 1.45%, bringing its TVL to $681.87 million.

In the broader market, Bitcoin (BTC) is priced at $64,061, a slight decrease from $64,240 yesterday. Ethereum (ETH) also saw a minor drop, currently priced at $3,469 compared to $3,495 the previous day.

Regarding fundraising, there are no new rounds today due to the weekend. However, the cumulative fundraising over the current week amounts to $130.15 million, showcasing ongoing investor interest in the crypto space.