SUMMARY
Cryptocurrencies traded mixed on Tuesday. The global crypto market cap stood at $1.16 trillion, with a volume of $36.6 billion in the past 24 hours. “In the past 24 hours, iExecRLC (RLC) and UMA (UMA) have been the top gainers on WazirX,” said Rajagopal Menon of WazirX.
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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, fell two percent to $27,975. Its market value stood at $542.2 billion. The trade volume was at $16.9 billion.
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“BTC’s market capitalisation dominance seems to be on the rise again, reaching June 2020 levels, even though liquidity continues to be a challenge. The US Banking system came under further stress as JP Morgan acquired First Republic Bank. Meanwhile, the BTC network continued to work like clockwork and set a new record for the number of daily transactions processed,” said Parth Chaturvedi, Crypto Ecosystem Lead, CoinSwitch.
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Ethereum | The second largest virtual currency, Ethererum or Ether, fell nearly a percent to $1,825.6 with a market capitalisation of $220 billion. The trade volume of Ethereum was $7.6 billion in the last 24 hours.
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Dogecoin | Meme-based virtual currency, Dogecoin, fell 0.4 percent on Tuesday. Its market value stood at $10.9 billion. The trade volume was at $277.6 million.
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Shiba Inu | Shiba Inu fell 0.8 percent with a market capitalisation of $5.8 billion. The trade volume was $116.8 million in the last 24 hours.
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Solana | Solana fell 1.7 percent to $21.9 with a market capitalisation of $8.6 billion. The trade volume of Solana was $347.1 million in the last 24 hours.
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Polygon | Polygon fell 2.2 percent with a market capitalisation of $8.8 billion. The trade volume was $354.7 million in the last 24 hours.
