Bitcoin Drags Cryptos Market Cap Down by 2.4%
Selloffs in Bitcoin and other top 10 crypto assets dragged by about 2.4% in the last 24 trading hours. Bitcoin plunged from its all-time high as retail investors continued to book profit in the crypto markets.
Data showed that the global crypto market cap slumped to $3.48 trillion, which represents a 2.35% decrease over the last day. Information obtained from CoinMarketCap.com revealed that the total crypto market volume over the last 24 hours printed at $341.77 billion, which makes a 84.28% increase.
Also, the total volume in DeFi inched to $26.3 billion, accounting for 7.70% of the total crypto market 24-hour volume. The volume of all stable coins is now $318.39 billion, which is 93.16% of the total crypto market 24-hour volume.
Major digital assets plummeted Monday with Bitcoin (BTC-USD) dropping below $97,000. The CoinDesk Market Index, which tracks 126 digital assets, slid 4.5% on the day.
The Nasdaq 100 was down 1% in late trade, while the S&P 500 and Dow Jones Industrial Average eased 0.6% and 0.4%, respectively. Bitcoin fell 3.6% to $96,261, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume surged 110% to $91.25 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, tumbled 5.5% to $3,768. XRP (XRP-USD) shed 10%, while Solana (SOL-USD) lost 6%. BNB (BNB-USD) dipped 5%, Dogecoin (DOGE-USD) slid 9%, and Cardano (ADA-USD) slumped nearly 11%.
The US 10-year Treasury yield closed at 4.197%, up from Friday’s close of 4.149%, while the five-year yield rose to 4.07% from 4.032%. #Bitcoin Drags Cryptos Market Cap Down by 2.4% NNPC Launches Methane Abatement Pilot Project in Niger Delta
