The Global Crypto Market Cap Sees a Noteworthy Increase
The global crypto market cap has seen a significant rise, reaching $1.65 trillion, indicating a 2.09% increase in the last day. This demonstrates the continued interest and investment flowing into the digital asset space.
A Decline in Crypto Market Volume
Although the overall market cap has increased, the 24-hour crypto market volume has experienced a moderate decrease of 11.74%. The volume during this period was reported at $65.53 billion, suggesting a temporary decline in trading activities within the crypto market.
DeFi and Stablecoins Remain Strong
Decentralized finance (DeFi) has proven to be a resilient sector, accounting for $8.45 billion within the total 24-hour crypto market volume. Stablecoins have also emerged as a dominant force, constituting 88.28% of the total crypto market 24-hour volume. This highlights the growing preference for stability and reliability among traders.