The global crypto market was trading with losses this morning. The most trending coin today was QLC Chain (QLC), and the top gainer was Chiliz (CHZ) for the second consecutive day.
The global crypto market capitalization went down by 0.63 percent to $1.02 trillion as of 8.50 am. The global crypto volume was down by 0.29 percent to $70.46 billion, according to Coinmarketcap data.
The trading volume in the decentralized finance coins section is about $5.35 billion, or 7.59 percent of the total crypto market 24-hour volume. The volume of all stable coins is $64.31 billion, or about 91.28 percent of the total crypto market volume in the last 24 hours.
Today’s top gainer was Chiliz, which was up by 11.55 percent at $0.2496. The top loser was Celsius (CEL), which was down by 13.87 percent at $1.49.
Bitcoin fell 0.7 percent to $21,204.44.
Regarding price analysis, BTC’s price made the trend reversal sometime around 1.39 pm on August 23 by jumping in the green territory and above the $21,300 level. From here on, it was a volatile trading session with wild price swings, but the price was never too low to be in the red territory. However, after around 7.14 am on August 24, BTC’s price came straight into the red territory and is, hence, trading near its day’s low with losses.
The lowest price for BTC today was $20,955.14 and its trading volume was up by 0.21 percent at $32,226,521,120.
The price of Ethereum this morning was $1,617.06, which is a loss of 0.78 percent in the last 24 hours.
Like BTC, ETH too managed to break out from the red territory to trade with gains sometime around 7.14 pm on August 23. With each passing hour since then ETH made new highs, but ultimately succumbed to selling pressure and fell right into the red territory sometime around 7.59 am on August 24.
The lowest price for ETH today was $1,569.43. ETH’s trading volume was up by 0.21 percent at $18,655,445,443.
Solana’s price was down by 0.95 percent at $34.83 today.
Cardano (ADA) fell 1.07 percent to $0.4553. The 24-hour trading volume for ADA decreased by 20.65 percent to $575,486,546.
Binance (BNB) was down by 0.66 percent at $295.93. Its 24-hour trading volume was down by 31 percent at $1,004,771,727.
Dogecoin (DOGE) was down by 1.69 percent at $0.06746. Its 24-hour trading volume was down by 25.74 percent at $337,941,784.
Shiba Inu (SHIB) was down by 0.74 percent at $0.00001309.
Decentralized Finance (DeFi)
Yearn.Finance (YFI) fell 1.84 percent to $9,102.51. Its 24-hour trading volume was up by 12.61 percent at $218,533,533.
Avalanche (AVAX) was up by 0.84 percent at $22.99 and its 24-hour trading volume was up by 17.89 percent at $432,047,531.
Aave (AAVE) was trading with a loss of 1.99 percent at $87.27 and its 24-hour trading volume was up by 12.72 percent at $219,109,577.