Cryptocurrency Prices Updates: This morning on Monday, cryptocurrency values are once again declining. The market capitalization of all cryptocurrencies fell by 1.13 percent, falling below the USD 1 trillion threshold at USD 922.79 billion. The overall amount traded in cryptocurrencies during the past 24 hours is USD 52.46 billion, a 2.83 percent down from Sunday's levels. With a 0.12 percent growth over the previous day, Bitcoin has a 39.02 percent market share.
BNB, Ethereum, and Bitcoin: Over the past day, there has been a downward trend in the prices of Bitcoin, Ethereum, and BNB.
Bitcoin is currently down 0.54 percent and trading at USD 18,860. The price of Ether, the native cryptocurrency of the Ethereum blockchain network, dropped by 1.41 percent to USD 1,303. BNB, the native coin of Binance Smart Chain, experienced a 0.28 percent downward trend.
Stablecoins: While USDC displayed positive change, stablecoins USDT, DAI, and BUSD had negative momentum. All stablecoins stayed quite close to their peg at USD 1.
The price of USDT Tether stablecoin dropped 0.01 percent over the previous day and is now trading at USD 1. DAI, a stablecoin, is currently trading at USD 0.9997, down 0.03 percent. Over the past 24 hours, BinanceUSD, or BUSD, has seen a 0.01 percent decline in value. The stablecoin currently trades for USD 1. The USDC stablecoin also increased and is now trading at USD 1, up 0.03 percent.
blockchain tokens at layer 1: Solana, Avalanche, and Cardano, which are native to Layer 1 blockchain networks, have likewise seen negative momentum during the past day, whereas Ripple has demonstrated positive momentum.
solana blockchain’s SOL witnessed a 3.19 percent rise, while Avalanche's AVAX lost 2.27 percent. The ADA of Cardano had a 1.44 percent downward trend. 1.97 percent was acquired by XRP Ripple.
Polygon with Polka Dot: While Polygon's native cryptocurrency MATIC fell, Polkadot's native coin DOT showed signs of growth. Over the past 24 hours, the MATIC crypto token from Polygon has decreased by 2.08 percent while the DOT token has increased by 0.63 percent.
Memecoins: Memecoins showed a downward trend. Dogecoin is down 2.39 percent, and Shiba Inu, a meme cryptocurrency, is down 2.62 percent on the same day.
Over the past 24 hours, the bulk of the leading cryptocurrency tokens have experienced a fall from their prior positions.