The global crypto market cap saw a 0.42% increase over the last day and totalled $921.01 billion, on Monday. Bitcoin and Ethereum are witnessing price gains.

Emerging Tech Team

New Delhi,UPDATED: Oct 17, 2022 11:21 IST

By Emerging Tech Team:

On Monday, the global crypto market cap saw a 0.42 percent increase over the last day and totalled $921.01 billion. However, the total crypto market volume slumped by 99.93 percent to $674281.39, at the time of writing this article (1030 IST).

Top cryptos up

Bitcoin (BTC) held above the $19,000 mark, trading 0.49 percent higher, while its closest counterpart, Ethereum (ETH) climbed by 1.50 percent over the last 24 hours and was priced at $1,305.09. Other altcoins like Cardano (ADA), Solana (SOL), Polygon (MATIC), and Polkadot (DOT) were trading with marginal gains, at the time of writing. On the other hand, cryptos like XRP (XRP) and Stellar (XLM) witnessed a dip in their prices.

It is pointed out that on Monday, Bitcoin’s dominance was about 40 percent, while nearly 17 percent was that of Ethereum.

Meme coins in red

Coming to meme coins, Dogecoin and Shiba Inu were in red, trading lower by 0.14 percent and 0.34 percent over the last day.

Metaverse tokens showed mixed movement

Metaverse coins showed mixed trends. While The Sandbox (SAND) was up 0.95 percent, tokens like Decentraland (MANA) and Axie Infinity (AXS) were down by 0.55 percent and 0.06 percent since the last day, at the time of writing.

There has been growing concern among investors over riskier assets as global markets have sunk in the last few months over the hawkish stance of the Federal Reserve to curb inflationary trends. It must be noted that riskier assets particularly cryptos have been hit hard as recessionary fears rise.

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