The largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), were trading at losses on Tuesday morning. Shiba Inu (SHIB) was the hottest cryptocurrency for the second straight day today.
The global crypto market cap declined 3.74 percent to $1.14 trillion as of 8:50 p.m. According to Coinmarketcap data, global crypto volume increased by 18.12 percent to $77.14 billion.
Trading volume in the decentralized finance coin space is about $5.96 billion, or 7.72 percent of the crypto market’s total 24-hour volume. The volume of all stablecoins is $70.6 billion, or about 91.52 percent of the total crypto market volume over the past 24 hours.
Today’s top gainer was Chiliz (CHZ), which is up 16.67 percent to $0.2107. The biggest loser was Celsius (CEL), which fell 39.56 percent to $2.68.
Bitcoin fell 4.63 percent to $23,909.96. In terms of price analysis, BTC has remained under selling pressure for the past 24 hours as of now. However, there was significant buying momentum holding the price as it failed to break above $23,800 for the time being despite multiple selling attempts.
BTC’s lowest price today was $23,839.77 and its trading volume increased by 30.43 percent to $33,607,794,109.
Ethereum price stood at $1,868.27 this morning, down 6.15 percent.
ETH trading behavior was the opposite of BTC, although both remained in negative territory. ETH price fell sharply from $2,000 around 10:00 on Monday. After that, it fell to a new low price with each passing hour. However, a buying attempt was made to push the price of ETH above $1,900 and it was also partially successful. But the price could not hold at this level and therefore fell.
ETH’s lowest price today was $1,867.69. ETH trading volume increased by 25.37 percent to $19,937,449,078.
Solana’s price fell 7.62 percent today to $43.28.
Cardano (ADA) lost 4.65 percent to $0.5526. 24-hour trading volume for ADA fell 3.86 percent to $862,819,159.
Binance (BNB) is down 2.74 percent at $315.99. The 24-hour trading volume rose 9.36 percent to $1,111,533,630.
Dogecoin (DOGE) fell 3.75 percent to $0.07855. The 24-hour trading volume fell 47.57 percent to $859,641,611.
Shiba Inu (SHIB) fell 6.76 percent to $0.00001552.
Decentralized Finance (DeFi)
Yearn.Finance (YFI) fell 4.12 percent to $11,003.43. The 24-hour trading volume fell 23.32 percent to $52,025,803.
Avalanche (AVAX) is down 5.24 percent to $27.62 and its 24-hour trading volume is up 6.11 percent to $481,233,074.
Aave (AAVE) traded down 3.25% at $108.19 and its 24-hour trading volume increased 55.19% to $242,154,985.