According to coinmarketcap, the global cryptocurrency market increased by 0.03 percent to $1.16 trillion at 10 am IST on Monday over the previous 24 hours, while the trade volume increased by 16.06 percent to $71.26 billion.
86.14 percent, or $61.38 billion, of the total trading volume over the past 24 hours was made up of stable coins. With an increase of 0.51 percent to 45.92 percent from the previous day, Bitcoin maintained its market domination.
The cryptocurrency with the highest popularity was Bitcoin (BTC). Conflux CFX, with a 5.73 per cent increase to $0.4268. Its 24-hour trading volume was $1.17 billion.
The biggest loser was Mask Network MASK, which fell 12.77% to $5.62. It had a $33,59,60,106 24-hour trading volume.
Cryptocurrency Prices
Bitcoin: BTC now costs $27,480.14, up 0.95 percent. Its trading volume for the entire day was $41,43,61,95,302. It continues to hold the top spot on Coinmarketcap according to market cap as it did yesterday. Around 10 am IST, it had a 45.92% domination, up 0.51 percentage points from the day before.
Ethereum: With a 24-hour trading volume of $10,22,22,69,215, the price of Ethereum (ETH) fell by 1.52% to $1,757.29.
Tether: Over the past day, Tether has increased by 0.8%. With a $49,10,47,99,321 trading volume during the last 24 hours, it was traded at $1.00. On coinmarketcap, it was rated third.
Other Altcoins
In the previous day, the price of Solana (SOL) jumped by 1.78 percent to $22.22.
Avalanche was trading at $17.27, down 0.20 percent, with a $20,80,09,167 24-hour trading volume.
Cardano (ADA) had a 0.63 percent decline. With a $30,01,60,254 24-hour trading volume, it is placed sixth.
Meme Coins
Dogecoin (DOGE) was down 1.61 percent with a $38,40,88,001 24-hour trading volume.
At 10 IST, Shiba Inu was down 2.16 percent to $0.00001074, although it had turned positive over the previous hour with a 0.24 percent advance.
Decentralised Finance (DeFi)
DeFi was trading at $6.66 billion, or 9.31% of the 24-hour volume of the whole cryptocurrency market.
Yearn.finance’s 24-hour trading volume was $4,93,50,395 while its price fell 1.33 percent to $8,633.77.
