The crypto market is losing altitude at the first trading session of the week amid weak buying pressure from wealthy entities.
In the Crypto futures market for the day, 179,741 traders were liquidated. The largest single liquidation order happened on Huobi-BTC value of $18.94 million.
At the time of writing, the global crypto market value stood at $1.74 trillion printing a 4.02% decrease over the last day. The total crypto market volume over the last 24 hours is $147.34 billion, which makes a 13.13% increase.
Crypto pundits anticipate prices are likely to plunge in the short term with many inflow transactions to all Crypto exchanges. The total volume in Defi is currently $12.43 billion, 8.43% of the total crypto market 24-hour volume.
The volume of all stable coins is now $115.79 billion, which is 78.58% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 61.37%, a decrease of 0.71% over the day.
At the time of writing Bitcoin traded at $57,153.66 with a daily trading volume of $63 billion. Bitcoin is down 5.15% for the day.
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