Crypto

Cryptocurrency Markets in Red: Cardano, Polkadot, Shiba Inu Fall as Bitcoin and Polygon Rise

Cryptocurrency markets opened in the red on Thursday morning. The capitalization of the global cryptocurrency market has fallen by 0.08% over the past 24 hours. Cryptocurrency data aggregator CoinMarketCap revealed that the global cryptocurrency market capitalization is $978.68 billion, lower than Sunday’s level. The total volume of the crypto market in the last 24 hours is $769.38 billion, which is 4.82% less than in the previous trading session.

Bitcoin, Ethereum and BNB

Cryptocurrency heavyweights Bitcoin have risen while Ethereum and BNB have fallen over the past 24 hours.

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Bitcoin is trading at $20,155, up 0.83%. The Ethereum network Ether token shows a 1.49% downtrend. The cryptocurrency is trading at $1,560. Cryptocurrency Binance Smart Chain BNB fell by 2.02%.

stablecoins

The stablecoin USDT Tether has shown a positive change in its value by 0.01% over the past 24 hours to maintain its peg at $1. The USDC stablecoin fell 0.01% to ensure it remains pegged to $1.

BinanceUSD fell 0.03%. The stablecoin is trading at $0.0997, while the DAI stablecoin fell 0.05%, maintaining its $1 peg.

Level 1 Blockchain Tokens

Cryptocurrency tokens embedded in the first layer blockchain networks such as Cardano, Solana, Ripple and others have been on a downward trend in the last 24 hours.

The Cardano ADA token fell 2.46%. Solana slipped at 1.54. AVAX Avalanche fell 2.61%. XRP Ripple fell by 1.22%.

Polka dots and polygon

Polkadot blockchain DOT fell 1.58%, while Polygon’s MATIC rose 3.08%.

Memcoins

Memcoins like Dogecoin and Shiba Inu have also been hit in the last 24 hours. Dogecoin fell 1.38%. Shiba Inu crashed at 2.18%.

In general, most major cryptocurrency tokens have fixed their positions in the last 24 hours.

Also Read: Cryptocurrency Prices Today: Bitcoin, Ethereum, Shiba Inu in Green, Dogecoin Down; most tokens win

Also Read: Cryptocurrency Price Today: Ethereum, Gainers Solana, Shiba Inu and Dogecoin also rose; most crypto tokens are highlighted in green

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