The largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), were trading with gains on Tuesday morning. Meanwhile, Ethereum was the most trending crypto today for the second day in a row.
The global crypto market cap is up 1.77 percent to $1.12 trillion as of 8:50 a.m. According to Coinmarketcap data, global crypto volume increased by 71.22 percent to $70.6 billion.
The trading volume in the decentralized finance coin space is about $9.6 billion, or 13.59 percent of the crypto market’s total 24-hour volume. The volume of all stablecoins is $67.37 billion, or about 95.42 percent of the total crypto market volume over the past 24 hours.
As of 8:50 a.m., Bitcoin is up 2.26 percent to $23,779.54 and currently commands a 40.49 percent dominance of the crypto market.
In terms of price analysis, BTC started its upward movement sometime around 11:00 a.m. on August 8 and peaked at $24,203.69 around 5:00 p.m. However, the price could not hold and fell. But its trading volume increased by 80.62 percent to $28,967,092,187.
The price of ether This morning it was at $1,774.71, up 3.66 percent.
In terms of price analysis, ETH saw strong support. Although prices dipped slightly into negative territory at 10:00 on August 8 at $1,711, sometime after 1:49 p.m., ETH slowly started to climb higher and kept making new highs over the next two hours. The highest price ETH touched was $1,806.82.
ETH trading volume increased by 72.08 percent to $17,219,473,899.
Solana’s price today is up 1.77 percent to $42.19.
Cardano (ADA) is up 0.43 percent to $0.532. 24-hour trading volume for ADA increased by 77.76 percent to $934,771,509.
Binance (BNB) fell 0.75 percent to $324.51. The 24-hour trading volume rose 16.35 percent to $1,229,691,084.
Dogecoin (DOGE) is up 0.91 percent to $0.07037. The 24-hour trading volume increased by 103.56 percent to $405,826,773.
Shiba Inu (SHIB) was up 0.41 percent to $0.00001229.
Decentralized Finance (DeFi)
Yearn.Finance (YFI) was up 0.28 percent to $11,412.80. The 24-hour trading volume increased by 24.88 percent to $72,514,548.
Avalanche (AVAX) is up 0.09 percent to $27.83 and its 24-hour trading volume is up 26.12 percent to $994,212,541.
Aave (AAVE) traded up 0.13 percent at $102.82 and its 24-hour trading volume increased 194.17 percent to $402,133,662.