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

The global cryptocurrency market was down by 0.05 per cent. Shiba Inu SHIB was the most trending cryptocurrency as well as the top gainer, while Rocket Pool RPL was the top loser

Outlook Money

Updated on: 12 August 2023 7:55 am

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.