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
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.
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.
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
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.
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
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.