The global cryptocurrency market continued to trade in the red on Tuesday as well. The total market cap fell by 0.97 per cent to $1.08 trillion, even as the total trading volume was up by 65 per cent to $29 billion in the last 24 hours.
XRP (XRP) was the most trending cryptocurrency, down by 2.69 per cent to $0.5005 from the previous day. Its 24-hour trading volume was up by 97.9 per cent to $958.47 million. Tezos (XTZ) was the top gainer, up by 7 per cent to $0.7213. Its 24-hour trading volume was $100.10 million. WOO Network (WOO) was the top loser of the day, down by 5.43 per cent from the previous day, according to Coinmarketcap.com
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Decentralised finance (DeFi) accounted for 8.85 per cent of the total 24-hour crypto market volume. The volume of all stable coins is at $26.47 billion, which is 91.25 per cent of the total crypto market 24-hour volume.
Cryptocurrency Prices
Bitcoin: Bitcoin fell 0.48 per cent to $27,678. Its 24-hour trading volume was up by 59 per cent to $12.16 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was at 50.3 per cent.
Ethereum: Ethereum fell 2.05 per cent to $1,591.66. Its 24-hour trading volume was up by 118 per cent to $7.29 billion. Ethereum’s market dominance was at 17.8 per cent.
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Tether: Tether was steady at $1, same as yesterday. Its 24-hour trading volume was at $20.93 billion, up by 64 per cent. It is ranked third on Coinmarketcap.com
Other Altcoins
Solana (SOL) was down by 2.41 per cent to $22.42 in the last 24 hours.
Cardano (ADA) fell 1.71 per cent to $ 0.2526. It is ranked seventh, on coinmarketcap.com.
Binance (BNB) fell 1.15 per cent to $208.83. Its 24-hour trading volume was down up by 65 per cent to $453 million.
Meme Coins
Dogecoin (DOGE) fell 2.04 per cent to $0.05914 in the last 24 hours.
Shiba Inu fell 2.34 per cent to $0.000006965
Decentralised Finance
Avalanche (AVAX) was down by 1.72 per cent to $9.74, while its 24-hour trading volume was up by 31 per cent.
Aave (AAVE) was trading with a loss of 0.09 per cent at $64.54.
Yearn.Finance (YFI) was down by 3.41 per cent to $5,211.06 in the last 24 hours, while its 24-hour trading volume was $31.60 million.
