The Global Crypto Market Begins the Week on a Dip

The global cryptocurrency market experienced a slight decline at the start of the week. The market cap fell by 0.02 percent, reaching $1.06 trillion on Monday morning. Additionally, the total trading volume dropped by 9.06 percent and amounted to $21.84 billion.

Trending Cryptocurrencies

CyberConnect (CYBER) was the most trending cryptocurrency, registering a 5.65 percent increase and reaching $4.42. Its 24-hour trading volume stood at $53.86 million.

Akash Network (AKT) emerged as the top gainer, growing by 5.06 percent to $1.37 within the last 24 hours. The cryptocurrency’s 24-hour trading volume amounted to $4.90 million.

Hedera (HBAR), on the other hand, experienced the highest decline among cryptocurrencies, with a 5.12 percent drop and a price of $0.06076. The 24-hour trading volume for Hedera was $102.71 million.

According to Coinmarketcap.com, the decentralized finance (DeFi) sector also witnessed a decrease of 7.80 percent, resulting in a total value of $1.7 billion.

Cryptocurrency Prices

Bitcoin

Bitcoin’s price experienced a slight decline of 0.09 percent, settling at $26,120.13. The 24-hour trading volume for Bitcoin reached $9.12 billion. It continues to hold the number one position on Coinmarketcap based on market capitalization, which currently stands at $26,120.13. Bitcoin’s market dominance slightly decreased by 0.12 percent over the last 24 hours and reached 48.01 percent.

Ethereum

Ethereum, on the other hand, saw a modest increase of 0.83 percent, bringing its price to $1,682.59. The 24-hour trading volume amounted to $3.96 billion.

Tether

Tether experienced a minor decline of 0.01 percent, settling at $0.9998 within the last 24 hours. The trading volume for Tether amounted to $15.79 billion. It currently holds the third position on Coinmarketcap.

Other Altcoins

Solana (SOL), one of the popular altcoins, experienced a decline of 0.83 percent, reaching a price of $21.62. The 24-hour trading volume for Solana was $214.28 million.

Avalanche, another prominent altcoin, had a slight increase of 0.02 percent, trading at $10.80. The 24-hour trading volume for Avalanche amounted to $77.35 million.

Cardano (ADA) witnessed a 1.35 percent increase, bringing its price to $0.2707. The 24-hour trading volume for Cardano was $154.53 million.

Meme Coins

Dogecoin (DOGE) experienced a slight decline of 0.45 percent, with a 24-hour price of $0.06383.

Shiba Inu witnessed a 1.47 percent drop, reaching a price of $0.000008326.

Decentralized Finance (DeFi)

DeFi coin was down by 0.31 percent, trading at $0.0006714.

Yearn.Finance experienced a 0.96 percent increase, with a price of $5,700.49 over the last 24 hours. Its trading volume during this period amounted to $22.13 million.