Crypto Market Trading Volumes Drop Sharply; Bitcoin Beyond 20k, ApeCoin The Best Performer – Tech Tribune France

On CoinMarketCap, at the time of writing, the global crypto market cap is trading at $974.89 billion, up 1.26 over the past day. However, the total crypto market volume stood at $47.15 billion, plunging 26.12% in the past 24 hours.

Meanwhile, currently, the total DeFi volume is $3.77 billion — 8%% of the total 24-hour crypto market volume. While the volume of all stablecoins is now $42.91 billion — which is 91.02% of the total 24-hour crypto market volume.

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Bitcoin soared more than 1% in 24 hours. The largest cryptocurrency is trading above $20,050. The crypto market capitalization is around $384.61 billion.

Ethereum has jumped nearly 2% in 24 hours and is trading around $1,455. The crypto market cap is over $178.5 billion.

Among the top 10 cryptocurrencies, XRP soared over 6%, while Solana jumped over 3%. Meanwhile, Cardano and Dogecoin advanced almost 2%. Other cryptos like Tether, USD Coin, BNB, and Binance USD saw marginal moves in the past 24 hours.

Bitcoin is currently the largest cryptocurrency, while Ethereum is the second largest in the market. Currently, Bitcoin’s dominance is 39.44%.

ApeCoin is the best performer in the market with an increase of almost 18% and is trading around $5.60. Including ApeCoin and other cryptos such as Celsius, Lido Dao, XRP and Chiliz were among the top 5 gainers with price levels rising from 5% to 18%.

However, over the past seven days, Bitcoin has fallen over 7%, while Ethereum has lost over 17%. BNB, Cardano, Solana and DogeCoin slipped between 2-5%. ApeCoin zoomed almost 10%.

Last week, the most anticipated Ethereum merger finally went live. The merger completed Ethereum’s transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing power consumption by approximately 99.95%.

Henry Elder, Head of Decentralized Finance at Wave Financial, said: “Now that the merger is (very successfully) done, we no longer have any positive near-term catalysts and we are hitting a wall of macro bearish sentiment.” , as reported by Bloomberg.

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Crypto Market Trading Volumes Drop Sharply; Bitcoin Beyond 20k, ApeCoin The Best Performer – Tech Tribune France

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