The global cryptocurrency market declined 2.71 per cent to $1.13 trillion at 9 am IST in the last 24 hours, while the trading volume jumped 34.43 per cent to $43.03 billion in the same time.
Arbitrum (ARB) was the most trending cryptocurrency, down 10.61 per cent to $1.14, at 9 am IST on Tuesday. Conversely, Flare (FLR) was the top gainer, up 6.67 per cent to $0.03716, while its 24-hour trading volume was about $2.5 million.
The DeFi segment saw a trading volume of $3.68 billion, accounting for 8.56 per cent of the overall global crypto market’s trading volume, according to Coinmarketcap.com.
Bitcoin: The price of Bitcoin was down 3.27 per cent to $26,978.64. Its 24-hour trading volume was $18.4 billion. It is currently ranked number one, the same as yesterday, based on its market cap on Coinmarketcap.com. Its market dominance was 46.25 per cent, down 0.15 per cent over the previous day, at 09 am IST.
Ethereum: The price of Ethereum was down by 3.04 per cent to $1,711.81, with a trading volume of $8.7 billion in the last 24 hours.
Tether: Tether was down by 0.03 per cent in the last 24 hours. It stepped into the green in the last one hour, with an increase of 0.02 per cent. It traded at $0.9999, with a 24-hour trading volume of around $29 billion. It was ranked third on coinmarketcap.
Solana’s (SOL) price fell by 4.69 per cent to $19.71 in the last 24 hours.
Avalanche was trading at $16.39, down by 3.06 per cent, while its 24-hour trading volume stood at $16,07,01,597 at 9 am IST.
Cardano (ADA) was down by 2.14 per cent. It is ranked seventh on the coinmarketcap, with a 24-hour trading volume of $29,46,13,348.
Dogecoin (DOGE) was down by 1.93 per cent with a 24-hour trading volume of $44,64,85,263.
Shiba Inu was down by 2.50 per cent to $0.0000103 at 09 am IST on Monday morning.
Decentralised Finance (DeFi)
The total trading volume of DeFi was $3.68 billion, accounting for 8.56 per cent of the total trading volume of the crypto market in the last 24 hours.
Yearn.finance was down by 3.70 per cent to $8,043.14 in the last 24 hours, while its 24 hour market cap was $263 million.