MNT surges by 14.11% to a price tag of $1.22. The crypto market today has been on a rollercoaster ride, highlighting a mixed bag of positive and negative price trends.
The crypto market experienced contrasting price trends on Monday, with some digital assets posting remarkable gains while others faced substantial losses.
According to the latest data from CoinGecko, the global crypto market cap stood at $3.6 trillion, reflecting a 2.35% increase over the past 24 hours. However, the market witnessed a significant rise in trading volume, which surged by 39.60% to reach $266 billion.
Among the top cryptocurrencies, Bitcoin's price increased by 2.92% in the past 24 hours, maintaining its market dominance with a capitalization of $2.07 trillion. The world's largest cryptocurrency hovered around $57,663 at the time of writing.
Bitcoin's price has experienced significant volatility in recent weeks, influenced by macroeconomic factors, institutional interest, and regulatory developments. The recent gains follow a period of market turbulence, which saw Bitcoin's price drop below $50,000 earlier this month. However, buying pressure and optimism over the potential for mass crypto adoption have contributed to the recent rally.
Meanwhile, Ethereum also displayed a strong performance, surging by 4.94% to reach $3,374.23. The second-largest cryptocurrency by market cap continues to attract attention due to its role in decentralized finance (DeFi) and non-fungible tokens (NFTs).
Other notable gainers included Solana, which rose by 3.95% to reach $259.21, and XRP, which surged by 4.07% to reach $1.22.
However, the market also featured some substantial losers, with AI16Z, TRUMP, and FARTCOIN experiencing significant declines in the past 24 hours.
Overall, the crypto market remained volatile on Monday, with contrasting price trends among different digital assets. While some cryptocurrencies posted gains, influenced by positive market sentiment and optimism over the potential for mass crypto adoption, others faced substantial losses.
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