Bitcoin, Ethereum and most cryptocurrencies extended losses on Monday. The global crypto market cap was $1 trillion with a volume of $70.1 billion in the past 24 hours. “Memecoins, flying high on the news of Elon Musk’s Twitter throne, appeared to be dead. The interest rate hikes announced by the US Federal Reserve and the Bank of England on Friday did not appear to move the crypto market. With the market stabilizing Now we can expect a lower correlation between the equity and cryptocurrency markets,” said Edul Patel, CEO and co-founder of Mudrex.
, The world’s largest and most popular virtual currency, Bitcoin, fell 1.2 percent to $20,989.5. Its market capitalization was $403.4 billion. Trading volume was 53.6 billion dollars.
Bitcoin is up 2.6 percent over the past seven days.
Ethereum , The second-largest virtual currency, Ethereum or Ether, fell 1.5 percent to $1,592.7 with a market capitalization of $194.9 billion. The trading volume of Ethereum was $12.5 billion in the last 24 hours.
Ethereum is up 1.4 percent in the last seven days.
Dogecoin , The meme-based virtual currency Dogecoin fell 5.2 percent on Monday. Its market capitalization was $15.6 billion. Trading volume was $1.3 billion.
Shiba Inu , Shiba Inu fell 2.2 percent with a market value of $6.6 billion. Trading volume was nearly $418 million in the last 24 hours.
Solana , Solana fell 8.3 percent to $32.8 with a market capitalization of nearly $11.8 billion. Solana’s trading volume was $1.7 million in the last 24 hours.
Polygon , Polygon jumped 7.1 percent with a market value of $10.8 billion. Trading volume was $952.4 million in the last 24 hours.