Cryptocurrency markets are in the red on Monday morning. Global market capitalization was down 1.57% in the past 24 hours and stood at $1.14 trillion as of 6:00 a.m. IST, according to data from CoinMarketCap.
Bitcoin, the largest cryptocurrency by market cap, is down 1.12% and trading at $24,107.
The Ether token of the Ethereum network also showed a downward trend. The cryptocurrency fell 2.67% and is trading at $1,897.
Stablecoin USDT Tether showed a negative change of 0.01% in its value in the last 24 hours. The stablecoin is trading at its $1 peg.
The USDC stablecoin showed a positive change of 0.01% and is trading at $0.9999, while Binance’s BNB token has risen 0.50% in the past 24 hours.
Cardano’s ADA token slipped 3.55%.
XRP Ripple has been trending down 1.04% in the last 24 hours.
Stablecoin BinanceUSD is up 0.01%. Solana has fallen 4.26% in the past 24 hours.
Memecoin Doge is down 2.25% in the last 24 hours and Avalanche’s AVAX is down 2.61%.
The Polkadot blockchain network’s DOT token has slipped 2.44% in the past 24 hours.
The Polygon network’s MATIC token fell by 6.23%.
Stablecoin DAI gained 0.01%.
Shiba Inu, the popular memecoin, fell 10.05%.
The majority of major cryptocurrencies have slipped from their positions over the past 24 hours. Despite the downward trend, the global market capitalization is over $1 trillion.
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