Bitcoin Loses 1.36%, Ethereum Falls 0.60%, Doge Falls 1.17%

Outlook money

The global crypto market fell 0.62 percent on Monday morning, ending a strong rally over the past week, mainly over the past two days, dragged down by losses in Bitcoin, Ethereum and other altcoins.

The global crypto market fell back on Monday, February 20, 2023, after a bullish trend that lasted several days in a row, as Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH) and other altcoins fell.

The market stood at $1.12 trillion, down 0.62 percent from the previous day, at 11 am IST on Monday, according to coinmarket.com. Volume rose 51.96 percent to $63.07 billion in the last 24 hours.

The most popular crypto was Blur (BLUR), but the biggest gainer for the day was Stacks (STX), up 60.07 percent to $0.6812. Conversely, the biggest loser was Render Token (RNDR), down 7.34 percent to $1.71.

Cryptocurrency prices

Bitcoin: BTC fell 1.36 percent to $24,443.83. Bitcoin briefly entered the green zone at around 19:50 IST on February 19. It started falling at 5.50 am IST on Monday. The price fell from $24,411 to $23,946 in the last 24 hours. However, trading volume was up from $25.89 billion to $26.67 billion.

Ethereum: ETH’s price fell 0.60 percent to $1,689.15. The ETH price briefly edged into the green at 19:50 IST on Sunday after trading in the red for a long time. After three hours it slipped back into the minus. A four-hour price drop from $1718 to $1673 occurred from 9:55 PM IST on Sunday. The trading volume level rose from $5.96 billion to $6.55 billion.

The lowest price for ETH was $1,659.30. ETH’s trading volume increased by 49.91 percent to $7.7 billion.

Other Altcoins

Solana (SOL) was up 11.74 percent to $26.11.

In 24-hour trading, Ripple’s (XRP) price fell 0.63 percent to $0.3901, even as trading volume rose 73.20 percent.

Cardano (ADA) fell 0.12 percent to $0.4026. After an increase of 25.19 percent, the 24-hour trading volume reached $381 million.

Binance (BNB) rose 0.15 percent to $316. Its 24-hour trading volume rose 13.47 percent to $541.9 million.

Meme Coins

Dogecoin fell 1.17 percent to $0.08773, and 24-hour trading volume rose 42.07 percent.

Shiba Inu was up 1.74 percent to $0.00001349.

Decentralized Finance (DeFi)

Yearn.Finance (YFI) fell 0.86 percent, even as 24-hour trading volume rose 14.35 percent.

Avalanche (AVAX) rose 1.52 percent to $19.89, and 24-hour trading volume rose 111 percent.

Aave (AAVE) traded down 0.73 percent to $89.99.