Crypto Market Dips, Trading Volume Rises 94 Per Cent; Bitcoin, Ethereum Down

The global crypto market decreased on Monday, with the total market cap down by 4.18 per cent to $2.71 trillion. The total trading volume was up by 94.23 per cent to $101.09 billion.

Bitcoin BTC was the most trending cryptocurrency. It was down by 1.72 per cent to $86,348.15. Its 24-hour trading volume was $52.12 billion. Story IP was the top gainer. It was up by 9.34 per cent. Its 24-hour trading volume was $159.94 million. JasmyCoin JASMY was the top loser. It was down by 13.48 per cent. Its 24-hour trading volume was $96.04 million.

DeFi was up by 0.76 per cent to $7.15 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTC) dropped to $82,220 on March 9, down 15% from its $95,000 peak, as inflation fears and rising unemployment overshadowed Trump’s Bitcoin strategic reserve announcement. Retail traders are offloading risk assets amid tariff-induced inflation, while miners accumulated $900M in BTC over 14 days, signaling long-term confidence despite short-term bearish sentiment. Institutional investors remain cautious after a White House summit failed to clarify Bitcoin’s role in financial markets. Rising bond yields in Japan and Germany, triggered by Trump’s tariffs, further weigh on BTC’s outlook, though miner accumulation is helping to prevent excess supply from entering the market."

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin was down by 3.99 per cent to $82,519.11. Its 24-hour trading volume was $38.12 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 60.40 per cent.

Ethereum (ETH): Ethereum was down by 5.53 per cent to $2,067.44. Its 24-hour trading volume was $20.97 billion, and its market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $0.9998. It was up by 0.02 per cent. Its 24-hour trading volume was $77.47 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana was down by 7.35 per cent to $128.38. Its 24-hour trading volume was $4.03 billion.

Avalanche AVAX was trading at $18.34, down by 9.31 per cent. Its 24-hour trading volume was $361.64 million.

Cardano ADA was trading at $0.1743, down by 6.88 per cent. Its 24-hour trading volume was $1.81 billion.

Meme Coins

Dogecoin was down by 8.59 per cent, with a 24-hour price of $0.1743.

Shiba Inu was down by 2.58 per cent to $0.00001225.

Decentralised Finance

DeFi Coin was down by 1.66 per cent, and it was trading at $0.005920.

Yearn Finance was down by 2.64 per cent to $5,140.13, with a 24-hour trading volume of $27.98 million.