New Delhi: Despite the fact that stablecoins are under pressure, the crypto market was slightly higher on Monday. Investors eargarly waited for clear indications about the direction of inflation and the global economy.
The entire volume in DeFi is currently USD4.70 billion, accounting for 9.35 percent of the overall 24-hour volume in the crypto market. The overall volume of all stable coins is now USD42.26 billion, accounting for 84.18 percent of the total 24-hour volume of the crypto market.
With the exception of stablecoins, the majority of the tokens were selling at a profit. Avalanche and Solana both increased by 7%, while Cardano increased by 5%. Each of Bitcoin, Ethereum, and Polkadot gained 4%.
The global cryptocurrency market capitalization was trading at USD1.27 trillion, up more than 3% in the previous 24 hours. The overall cryptocurrency trade volume, on the other hand, increased by 18% to USD51.28 billion.
When the algorithmic-stablecoin project fell, Terra investors around the world lost billions of dollars, but a new token was distributed as compensation, and they were able to recoup a small portion of their losses. India’s investors aren’t as fortunate.