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On Thursday the cryptocurrency market saw a dip with the global cryptocurrency market cap dropping by 1.75% to $2.86T.
Despite the drop in the market cap, the total crypto market volume increased by about 34% in the last 24 hours.
The total volume in decentralized finance (DeFi) is about $30.43B, which is 16.76% of the total crypto market trading volume while the volume of stablecoins is $142.05B, which is 78.23% of the total crypto market volume in the last 24 hours.
All the top ten cryptocurrencies by market cap ranking are in red.
Bitcoin (BTC) has seen a 2.28% decrease to trade at about $65,255 after hitting an all-time high above $69,000.
Despite its current dip, Bitcoin still controls the majority share of the cryptocurrency market with a dominance of about 43%.
Ethereum (ETH) on the other hand has seen a 0.48% decrease to trade at about $4,713.
Binance Coin (BNB) has dropped by about 2.88% to trade at about $631.
Cardano (ADA), Polkadot (DOT), and Dogecoin (DOGE) have seen the largest drop among the top ten cryptocurrencies. Cardano has dropped by 5.07% to trade at $2.13, Polkadot has dropped by 5.52% to trade at about $49, while Dogecoin has dropped by about 4.33% to trade at about $0.2605.
Kadena (KDA) and MicroPets (PETS) are among the top trending coins with Kadena coming in second after Shiba Inu (SHIB).
Kadena (KDA) has risen by about 21% to trade at $24.90 maintaining a bullish trend for the past few days.
On the other hand, MicroPets (PETS) have risen by about 15% to trade at $0.000008774.
Today’s top gainer is Ethereum Meta (ETHM), which has risen by 16907% in the last 24 hours.
The other coin in the top three of today’s top gainers includes Aurora (AOA), which has gained 910%, and Litherium (LITH), which has risen by 908%.
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