The global cryptocurrency market on Tuesday continued to decline as major coins such as Bitcoin, Ethereum, Binance, and Solana fell in value, with Shiba Floki Trillionaire, which increased by 3,588 percent, Elonomics, which increased by 616.9 percent, and Mars Space X, which increased by 635.19 percent, posting the highest gains in the last 24 hours. Notably, each of the three coins is presently trading for less than USD0.

The crypto market capitalisation was USD2.47 trillion at the time of writing, down 4.15 percent in the previous 24 hours. The overall volume in the DeFi market was USD15.61 billion, accounting for 20.43 percent of the total. The overall intraday trading volume in crypto was USD76.41 billion dollars. Over the last day, stablecoin volume accounted for 17.37 percent of total trading volume, totaling USD13.27 billion.

Bitcoin's market share is now 43.58 percent, but the currency is down 1.40 percent to USD57,004, while Ethereum is down 0.86 percent to USD4,167. Solana lost 1.24 percent of its value to USD220. The price of XRP increased by 1.24 percent to USD1.05. Doge and SHIB, two meme currencies, both climbed by 0.30 percent and 1.64 percent, respectively.

The International Monetary Fund (IMF) recently stated that crypto-assets pose a variety of risks to various sectors of the financial system, and that such risks should be closely monitored.

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