Major cryptocurrencies saw negative early-day trading on August 16 as the market capitalisation of all cryptocurrencies fell 2.90 percent to USD 1.15 trillion from the previous day. On the other hand, over the past 24 hours, the total volume of the crypto market increased by 21.48 percent to USD 77.99 billion.
DeFi's 24-hour volume was USD 6.03 billion, or 7.74 percent, of the overall volume of the cryptocurrency market. All stable coin volume was USD 71.28 billion, or 91.40 percent of the 24-hour volume of the whole crypto market.
Bitcoin's price was around Rs 18.78 lakh, with a 40.15 percent market share. According to information from CoinMarketCap, this was an increase of 0.10 percent for the day.
\Dog-themed cryptocurrencies, on the other hand, saw a rise on Monday amid a general uptick in retail investor interest, particularly as Ethereum moves toward its eagerly awaited software upgrade.
According to pricing information collected by Bloomberg, Shiba Inu has increased by about 40% while Dogecoin has increased by roughly 14% during the last five days. The anticipation surrounding its upcoming update, known as Merge, which is now anticipated around September 15, has caused the meme tokens to stay onto their profits even as Bitcoin hovers around USD 25,000 and Ether hovers around USD 2,000.