The global crypto market dips on Monday. The total market cap was down by 12.22 per cent to $1.89 trillion while the total trading volume was up by 105.47 per cent to $134.53 billion. Bitcoin BTC was the most trending. It was down by 11.99 per cent to $53,271.74. Its 24-hour trading volume was $53.88 billion.
Tether Gold XAUT was the top gainer. It was up by 0.39 per cent. Its 24-hour trading volume was $7.67 million. Bittensor TAO was the top loser. It was down by 24.62 per cent. Its 24-hour trading volume was $96.08 million.
DeFi was down by 3.83 per cent to $4.72 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, " Bitcoin saw a significant sell-off over the weekend, falling nearly 15% for the week – the steepest drop since the FTX collapse in November 2022. The decline continued in Asian trading on Monday, pushing Bitcoin to its lowest point since February. Over the past two days, liquidations have climbed to nearly $200 million, the most since the beginning of July. The cryptocurrency broke through a wedge pattern early Monday, indicating the potential for further price declines. Bitcoin price may be drawing attention at key support levels including $56,000, $47,000, $40,000 and $35,000."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 11.99 per cent to $53,271.74. Its 24-hour trading volume was 53.88 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.8 per cent.
Ethereum: Etherum ETH was down by 19.77 per cent to $2,326.89 from the previous day. Its 24-hour trading volume was $41.85 billion. Ethereum’s market dominance was 17.1 per cent.
Tether: Tether USDT was trading at $1.00. It was up by 0.06 per cent. Its 24-hour trading volume was $103.29 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 13.24 per cent to $124.12. Its 24-hour trading volume was $7.11 billion.
Avalanche AVAX was trading at $18.95, up by 16.71 per cent. Its 24-hour trading volume was $495.38 million.
Cardano ADA was down by 14.45 per cent to $0.3095 from the previous day. Its 24-hour trading volume was $612.26 million.
Meme Coins
Dogecoin DOGE was down by 14.50 per cent, with a 24-hour price of $0.09185.
Shiba Inu SHIB was down by 14.29 per cent to $0.00001208.
Decentralised Finance
DeFi coin was trading at $0.02185, down by 18.84 per cent.
Yearn.Finance YFI was down by 10.79 per cent to $4,723.81 in the last 24 hours. Its 24-hour trading volume was $20.91 million.
