The cryptocurrency market capitalization fell more than 1.98 percent to $2.59 trillion in the past 24 hours, as the major cryptocurrency turned red. With a current price of USD 57,852, bitcoin has lost 0.11 percent of its market share, putting it at 42.24 percent.
Except for solana, which rose 4.5 percent to $222, all other currencies sank, including bitcoin, which declined 2.76 percent, ethereum declined 4.27 percent, and polkadot lost nearly 2.5 percent. Only the Crypto.com coin, which rose more than 27.90 percent to $0.7, and Avalanche, which rose 5.59 percent to $131, climbed significantly.
DeFi accounted for 14.84 percent of the total USD 15.84 billion market volume in the 24-hour period. Similarly, stablecoins accounted for 78.31% of the intraday market volume or $83.59 billion.