The largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), were trading with gains on Tuesday morning. Meanwhile, Flow (FLOW) has been the hottest cryptocurrency of the moment.
The global crypto market cap is down 3.93 percent to $1.08 trillion as of 8:50 a.m. According to Coinmarketcap data, global crypto volume fell 5.45 percent to $67.94 billion.
The trading volume in the decentralized finance coin space is about $7.36 billion, or 10.83 percent of the crypto market’s total 24-hour volume. The volume of all stablecoins is $62.79 billion, or about 92.42 percent of the total crypto market volume over the past 24 hours.
From 8.50 a.m., Bitcoin fell 3.94 percent to $22,917.21 and currently commands a 40.48 percent dominance of the crypto market.
In terms of price analysis, the price of BTC started falling around 2:44 p.m. on August 9, making new lows with each passing hour. BTC appears to have recovered somewhat from its 24-hour low this morning, but it is still in the red. The lowest price BTC touched was $22,771.52.
Ethereum price was $1,677.61 this morning, down 5.34 percent.
ETH touched the red zone once around 12:19 p.m. on Aug. 9, but almost immediately rallied to set a new high of $1,786.12. Around 2:44 p.m. (the same time BTC started falling), ETH started its descent. Just like BTC, it hit a new low with every passing hour. The 24-hour low for ETH was $1,665.09
ETH trading volume increased slightly by 1.23 percent to $17,294,919,015.
Solana’s price fell 6.41 percent today to $39.48.
Cardano (ADA) fell 4.51 percent to $0.5071. 24-hour trading volume for ADA fell 28.37 percent to $642,917,979.
Binance (BNB) fell 2.79 percent to $315.23. The 24-hour trading volume rose 0.57 percent to $1,238,028,065.
Dogecoin (DOGE) fell 3.24 percent to $0.06806. The 24-hour trading volume increased by 60.59 percent to $650,396,479.
Shiba Inu (SHIB) is down 2.99 percent to $0.00001192.
Decentralized Finance (DeFi)
Yearn.Finance (YFI) fell 3.18 percent to $11,067.28. The 24-hour trading volume rose 7.76 percent to $77,606,015.
Avalanche (AVAX) is down 0.94 percent to $27.72 and its 24-hour trading volume is down 20.16 percent to $794,470,663.
Aave (AAVE) traded down 6.17 percent at $96.61 and its 24-hour trading volume declined 34.09 percent to $232,309,433.