The major crypto coins experienced a brief drop on Monday, November 1, but quickly recovered. Bitcoin rose 2.30 percent in the last 24 hours, reaching $62,196.16 per unit. Ether, the second-largest cryptocurrency behind Bitcoin, surged to $4,343.31 per unit during the day. Over the last day, this altcoin has increased by 2.32 percent.
The cryptocurrency markets have risen dramatically in recent weeks, with meme coin Shiba Inu surging up to 160 percent last week. According to data as of Monday, Shiba Inu was the ninth most traded coin. It was trading at $0.00007078 on this day, up 10.09 percent in the previous 24 hours.
The bitcoin market remained quiet throughout the weekend. Bitcoin and the majority of the other major cryptocurrencies have been lingering around critical support levels. The total market capitalization remained close to $2.6 trillion.
Even after settling a little lower than its recent all-time high, Ether, the largest altcoin, showed significant promise. Shiba Inu, the meme-coin, has finally steadied down after a fantastic surge over the past week.
The worldwide crypto market cap reached $2.66 trillion in the last 24 hours. In comparison to Sunday, this was a 2.76 percent gain. The overall crypto market volume for the previous 24 hours, however, was $136.13 billion. In comparison to the last day, this was down 10.21%.
The entire volume in Defi was $17.50 billion, accounting for 12.86% of the overall crypto market’s 24-hour volume. “The amount of all stable coins is now $104.84 billion, accounting for 77.01 percent of the overall 24-hour volume of the crypto market, the platform noted in an update.
ElonDoge DAO, on the other hand, was the top gainer in the crypto market on Monday. The price of the altcoin increased by 2,745.72 percent to $57.13. Vybe was in second place, with a rate of $0.8622 and a gain of 1,314.13% in the last 24 hours.
GreenMoonZilla is worth $0.00000001183 per token, landed in third place with a profit of 479.99% on the day.
In terms of losers, the top slot went to Squid Game, which had soared to new highs following its loss on October 20. One token is now worth $0.005937, down 99.98% from its previous price.
Monster Grand Prix Token and BabyPumpkin Finance were ranked second and third in the ranking, respectively, with declines of 70.89 and 67.46 percent over the last day.
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