Crypto Price Update: Crypto Market Continues Downward Spiral, Trading Volume Down 15.13%

The global cryptocurrency market continued on its downward spiral for the fourth consecutive day on Saturday, down by 0.05 per cent to $1.17 trillion. The total trading volume recovered a bit from yesterday’s nosedive, though it was still trading at a dip of 15.13 per cent at $21.76 billion.

Shiba Inu SHIB was the most trending cryptocurrency as well as the top gainer, up by 8.36 per cent to $0.00001084. Its 24-hour trading volume was $593.92 million.

Rocket Pool RPL was the top loser, down by 3.20 per cent to $27.28 in the last 24 hours. Its 24-hour trading volume was $5.20 million.

DeFi fell 8.47 per cent to $1.84 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin was down by 0.10 per cent to $29,365.70. Its 24-hour trading volume was $9.43 billion. It is currently ranked number 1 on Coinmarketcap, based on the market cap. Bitcoin’s market dominance was at 48.74 per cent, down by 0.03 per cent over the last 24 hours.

Ethereum: Ethereum was down by 0.02 per cent to $1,846.78 from the previous day. Its 24-hour trading volume was $3.18 billion.

Tether: Tether was up by 0.08 per cent to $0.9994 in the last 24 hours. Tether’s 24-hour trading volume was $15.53 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana (SOL) was down by 0.65 per cent to $24.44. Its 24-hour trading volume was $282.13 million.

Avalanche was trading at $12.43, down by 0.46 per cent, while its 24-hour trading volume was $77.08 million.

Cardano ADA was down by 1.27 per cent to $0.293 from the previous day. Its 24-hour trading volume was $129.21 million.

Meme Coins

Dogecoin (DOGE) was up by 0.36 per cent, with a 24-hour price of $0.07587.

Shiba Inu was up by 8.36 per cent to $0.00001084.

Decentralised Finance

DeFi coin was trading at $0.001443, up by 0.12 per cent.

Yearn.Finance was down by 1.44 per cent to $6,277.97 over the last 24 hours, while its 24-hour trading volume was $16.36 million.