The market saw positive activity on Monday with the largest cryptocurrency, Bitcoin (BTC), briefly crossing $25,000. Ethereum (ETH) was also trading with gains, while Shiba Inu (SHIB) was the top trending crypto today and also the top gainer.
The global crypto market cap rose 0.76% to $1.19 trillion as of 8:40 a.m. ET. Global crypto volume grew by 14.62% to $65.12 billion, according to data from Coinmarketcap.
The trading volume in the decentralized financial coins section is approximately $5.5 billion, or 8.52% of the total 24-hour crypto market volume. The volume of all stablecoins is $57.9 billion, which is approximately 88.92% of the total crypto market volume in the last 24 hours.
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Today’s top winner was SHIB, which rose 34.2% to $0.00001714. The big loser was Nexo (NEXO), which fell 4.99% to $1.02.
Bitcoin (BTC)
As of 8:50 a.m., Bitcoin is up 2.05% to $24,887.19 and currently dominates the crypto market by 40.07%.
When it comes to price analysis, the price of BTC was in range for most of August 14th. However, some time after 9:59 p.m., the price of BTC dropped sharply. It was not until the morning of August 15 at around 7:29 a.m. that the price of BTC managed to break free from the red territory and is now trading with modest gains.
The lowest price for BTC today was $24,206.26 and its trading volume increased by 11.73% to $25,011,275,046.
Ethereum (ETH)
Ethereum’s price this morning was $2,005.31, and it was up 0.94%.
ETH exhibited almost similar trading behavior to BTC. At around 9:59 p.m. on August 14, ETH fell rapidly, but around 7:54 a.m., the price of ETH started to climb.
The lowest price for ETH today was $1,919.01. The trading volume of ETH increased by 4.68% to $15,689,182,734.
Other Altcoins
The price of Solana rose 1.07% to $46.82 today.
Cardano (ADA) gained 2.45% to $0.5788. The 24-hour trading volume for ADA decreased by 28.95% to $905,275,672.
Binance (BNB) fell 0.35% to $325.68. Its 24-hour trading volume increased by 3.4% to $1,006,758,779.
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Dogecoin (DOGE) rose 10.53% to $0.08161. Its 24-hour trading volume increased by 271.17% to $1,642,980,581.
Shiba Inu (SHIB) rose 34.2% to $0.00001720.
Decentralized finance (DeFi)
Yearn.Finance (YFI) fell 0.47% to $11,503.49. Its 24-hour trading volume decreased by 39.64% to $67,758,260.
Avalanche (AVAX) fell 0.68% to $29.26, and its 24-hour trading volume rose 10.01% to $451,584,750.
Aave (AAVE) was trading with a 0.86% gain at $111.97 and its 24-hour trading volume was down 1.53% at $155,861,350.