Crypto Market Update | The Bulls Are Hiding
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Hello!
Welcome to my crypto market update today.
The bears 🐻 have continued to inflict pain on the bulls. This has been severed on many cryptocurrencies to the extent that new investors are scared of putting their money to support the growing economy.
Even with the great impact of the week which has caused BTC to hit below $2600, some new crypto projects are happy to launch their airdrop programs since it has been scheduled in their roadmap.
Business of the day
In the past 24 hours, an estimation of $33.1B (total crypto market volume) was traded. This is a thing of joy as it makes a 13% increase is the prices of cryptos when compared with yesterday's volume.
On the other hand, the estimated total volume in decentralized finance (DeFi) is currently $2.29B (about 6.92% of the total crypto market) was recorded in 24 hours interval.
Stable coins being the chief of trust was recorded at $31.45B, which is about 95.00% of the total crypto market within 24 hours interval.
Currently, Bitcoin dominance is about 48.49%, an increase of 0.24% within 24 hours interval.
Source
Lastly, our dear Hive is sold at 0.2841 (-2.28% within 24 hours interval) and is ranking 157 on coinmarketcap.com
For more information on the prices of cryptos, visit my references.
Thanks for stopping by.