The prices of the overall crypto market today have dropped to $1.28 trillion. The market has been experiencing a recent downtrend. Over the past 24 hours, it has experienced an increase of only 0.46 percent. Very few cryptocurrencies have slightly recovered while the global market volume has decreased by 18.36%. It now stands at $85.21 billion. The overall volume in Defi was $14.32 billion, or 16.8% of the entire 24-hour volume in the crypto market. The 24-hour volume of stable coins was $76.88 billion, accounting for 90.23 percent of the overall crypto market volume.
Bitcoin has gained some of its power back by growing to $29.880 in the last day. Due to the crypto market crash over the past week, bitcoin had fallen below the $30,000 mark. Although, its overall price has fallen by 14.32 percent during the course of a week. It has been on the road to recovery, increasing 1.35 percent in 24 hours. Bitcoin still stands as the top crypto asset.
The Fear
Although traders see the market is on its way to recovery, the fear still lingers. After the recent crash, the market experienced there is still the notion of crypto Fear and Greed Index. By the looks of it, fear and greed are still here to stay even though the market seems to be stabilizing.
Top 10 cryptos
Amid the crypto market crash, the top 10 cryptos have gone through some changes, in prices, and ranking. Terra no longer appears on the leading crypto chart, whereas Dogecoin is ranked number 10 on the list.
The second cryptocurrency on the top 10 list is Ethereum. Its price has increased by 0.17 percent, standing at $2035. The fifth-largest crypto asset in the market is Binance, which has gone through a price increase of 2.16 percent. It now stands at $293. XRP is listed as the sixth-biggest crypto asset. XRP has decreased by 1.79 percent, currently standing at $0.4225. The ninth biggest crypto asset is Solana which has increased by 0.96 percent. Its value is now $51.64. Cardano, the seventh biggest crypto asset in the market cap, stands at $0.5355 after rising 0.43 percent. Dogecoins price has decreased 1.82 percent and is ranked the tenth crypto asset in market cap. Lastly, the eleventh and twelfth crypto assets Polkadot and Avalanche have increased 5 percent in the last 24 hours.
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