The cryptocurrency market continues to show robust activity, with the global market cap reaching an impressive $3.08 trillion, reflecting a 1.10% increase over the last day.
In the past 24 hours, the total crypto market volume has surged to $197.75 billion, marking a substantial 28.16% increase. Within this activity, decentralized finance (DeFi) remains a vital sector, contributing $11.61 billion to the total volume. This accounts for 5.87% of all crypto trades, highlighting DeFi’s ongoing role in shaping the financial future.
Stablecoins, known for their relative price stability, continue to dominate the trading landscape. They accounted for $180.18 billion of the 24-hour volume, representing a remarkable 91.11% share.
Meanwhile, Bitcoin, the flagship cryptocurrency, maintains its dominance in the market at 58.70%. However, this marks a slight decrease of 0.07% over the day. This minor dip could reflect growing interest in alternative cryptocurrencies (altcoins) as investors diversify their portfolios or explore emerging opportunities within the broader crypto space.
