The market saw positive activity on Monday with the largest cryptocurrency, Bitcoin (BTC), briefly crossing $25000. Ethereum (ETH) was also trading with gains, while Shiba Inu (SHIB) was today’s most trending crypto and also the top gainer.
The global crypto market capitalisation went up by 0.76 per cent to $1.19 trillion as of 8.40 am. The global crypto volume was up by 14.62 per cent to $65.12 billion, according to Coinmarketcap data.
The trading volume in the decentralised finance coins section is about $5.5 billion, or 8.52 per cent of the total crypto market 24-hour volume. The volume of all stable coins is $57.9 billion, or about 88.92 per cent of the total crypto market volume in the last 24 hours.
Today’s top gainer was SHIB, which was up by 34.2 per cent at $0.00001714. The top loser was Nexo (NEXO), which was down by 4.99 per cent at $1.02.
Bitcoin (BTC)
As of 8.50 am, Bitcoin rose 2.05 per cent to $24,887.19 and currently commands a 40.07 per cent dominance in the crypto market.
Regarding price analysis, BTC’s price was range bound for the better part of August 14. However, sometime after 9.59 pm, BTC’s price came down sharply. It was only on August 15 morning sometime around 7.29 am that BTC’s price managed to break free from the red territory and is now trading with modest gains.
The lowest price for BTC today was $24,206.26, and its trading volume was up by 11.73 per cent at $25,011,275,046.
Ethereum (ETH)
The price of Ethereum this morning was $2,005.31, and it was up by 0.94 per cent.
ETH exhibited almost similar trading behaviour to BTC. Sometime around 9.59 pm on August 14, ETH came down rapidly but around 7.54 am, ETH’s price started climbing.
The lowest price for ETH today was $1,919.01. ETH’s trading volume was up by 4.68 per cent at $15,689,182,734.
Other Altcoins
Solana’s price was up by 1.07 per cent at $46.82 today.
Cardano (ADA) gained 2.45 per cent at $0.5788. The 24-hour trading volume for ADA decreased by 28.95 per cent to $905,275,672.
Binance (BNB) was down by 0.35 per cent at $325.68. Its 24-hour trading volume was up by 3.4 per cent at $1,006,758,779.
Meme Coins
Dogecoin (DOGE) was up by 10.53 per cent at $0.08161. Its 24-hour trading volume was up by 271.17 per cent at $1,642,980,581.
Shiba Inu (SHIB) was up by 34.2 per cent at $0.00001720.
Decentralised Finance (DeFi)
Yearn.Finance (YFI) fell 0.47 per cent at $11,503.49. Its 24-hour trading volume was down by 39.64 per cent at $67,758,260.
Avalanche (AVAX) was down by 0.68 per cent at $29.26, and its 24-hour trading volume was up by 10.01 per cent at $451,584,750.
Aave (AAVE) was trading with a gain of 0.86 per cent at $111.97 and its 24-hour trading volume was down by 1.53 per cent at $155,861,350.
