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Cryptocurrency Market Update: March 19, 2024


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In the past 24 hours, Bitcoin has experienced a decrease of 4.22% and is currently trading at $65,464.95. Compared to last week, it is down by 8.84%. Ethereum, the second most popular token, has also seen a decline of 6.33% from yesterday and is currently trading at $3,389.52. From last week, Ethereum is down by 16.14%.

Bitcoin has a market capitalization of $1,321 billion, while Ethereum has a market capitalization of $407 billion.

Other Cryptocurrencies

BNB is currently trading at $527.48, which is a 7.15% decrease from yesterday and a 2.23% decrease from last week. XRP’s price is $0.66 today, falling 2.71% in the last 24 hours. Compared to last week, it is down by 12.81%. Cardano is trading at $0.66, down 7.45%, and Dogecoin is trading at $0.11, down 12.65%.

Solana, Polka Dot, Shiba Inu, and Polygon

Solana is currently trading at $186.98, down 7.42%. Polka Dot is trading at $9.26, down 7.77%. Shiba Inu’s price is $0.000022, down 11.38%, and Polygon is trading at $0.99, down 9.52%.

Based on the weekly chart, Solana has risen by 21.58%, while Polka Dot is down by 14.77%. Shiba Inu’s value has declined by 23.19% in the last seven days, whereas Polygon is down by 19.52%.

Top Gainers and Stablecoins

The top three gainers in the past 24 hours are Fantom, Aptos, and Bittensor. They are trading at $0.88 (up 6.22%), $14.78 (up 2.92%), and $677.10 (up 0.36%), respectively.

Stablecoins are cryptocurrencies that have extremely low volatility and are tied to physical assets like fiat currency or gold. Tether, USD Coin, and Binance USD, which are popular stablecoins, are currently trading at $1 (up 0.06%), $1 (up 0.02%), and $52000 (down 6.56%), respectively.

Biggest Losers

The biggest losers of the day are dogwifhat, Bonk, Pepe, FLOKI, and SATS. They are trading at $2.28 (down 23.78%), $0.000022 (down 20.77%), $0.0000066 (down 20%), $0.00011 (down 18.08%), and $0.00044 (down 17.70%), respectively.

DeFi Tokens

DeFi, short for decentralized finance, refers to global, peer-to-peer financial services on public blockchains. Some prominent DeFi tokens include Avalanche, Chainlink, Uniswap, Dai, and Internet Computer. They are currently trading at $58.94 (down 3.77%), $17.50 (down 8.29%), $11.16 (down 10.12%), $1 (up 0.04%), and $11.57 (down 8.61%), respectively.

Non-Fungible Tokens (NFTs)

Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, meaning they cannot be exchanged for one another. Some prominent NFT tokens include Internet Computer, Render, Stacks, Immutable, and Theta Network. They are currently trading at $11.57 (down 8.61%), $10.85 (down 17.56%), $2.63 (down 4.40%), $2.66 (down 9.56%), and $2.78 (down 12.99%), respectively.

Global Crypto Market Cap and Volume

The current global crypto market cap is $2.54 trillion, which marks a 1.96% increase over the last day. The total crypto market volume over the last 24 hours is $134.98 billion, representing a 4.87% increase. Last month, the global crypto market cap was $1.97 trillion, and three months ago, the total capitalization stood at $1.6 trillion.

These figures provide an overview of the current state of the cryptocurrency market. Please note that cryptocurrency prices are highly volatile and can change rapidly.

Stablecoin Definition

A stablecoin is a type of cryptocurrency that has a stable value because it is tied to a physical asset like fiat currency or gold. Unlike other cryptocurrencies, stablecoins aim to minimize price volatility. Tether, USD Coin, and Binance USD are examples of popular stablecoins. They are currently trading at $1 (up 0.06%), $1 (up 0.02%), and $52000 (down 6.56%), respectively.

Conclusion

The cryptocurrency market has experienced fluctuations in the past 24 hours, with Bitcoin and Ethereum seeing a decrease in value. Other cryptocurrencies, such as BNB, XRP, Cardano, and Dogecoin, have also seen declines. Additionally, there have been changes in the prices of Solana, Polka Dot, Shiba Inu, and Polygon. The market cap and volume of the global crypto market have also fluctuated. Stablecoins, DeFi tokens, and NFT tokens have their own unique characteristics and trading patterns within the market. It’s important to note that cryptocurrency prices are highly volatile and can change rapidly.

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