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Crypto markets in red; Polkadot, Matic, Solana witness downtrend 

Crypto markets in red; Polkadot, Matic, Solana witness downtrend 

Global cryptocurrency markets cap settles at $1.07 trillion after slipping 1.10%.  

Global cryptocurrency markets cap settles at $1.07 trillion after slipping 1.10%.   Global cryptocurrency markets cap settles at $1.07 trillion after slipping 1.10%.  

Cryptocurrency markets are in the red this Tuesday morning. The global market cap was down by 1.10 per cent over the last 24 hours and is at $1.07 trillion as of 6:00 AM IST, CoinMarketCap data showed. 

Bitcoin is down by 0.81 per cent and is trading at $23,205. 

Ethereum also showed downtrend and is trading at $1,632. The cryptocurrency slid 3.31 per cent down. 

The USDT Tether showed 0.01 per cent negative change in its value over the last 24 hours. The stablecoin is trading at its peg of $1. 

The USDC stablecoins showed 0.02 per cent negative change and maintained its peg at $1, while the BNB token fell 1.21 per cent over the last 24 hours. 

XRP Ripple witnessed a downtrend of 1.03 per cent over the last 24 hours.  

BinanceUSD stablecoin slipped to the spot of the seventh most valuable cryptocurrency, as per market cap. The cryptocurrency rose 0.28 per cent over the last 24 hours. 

The ADA token slid 2.38 per cent, while Solana fell by 3.23 per cent over the last 24 hours. 

Dogecoin fell 0.70 per cent in the last 24 hours, and stablecoin DAI is down 0.01 per cent. 

Polkadot blockchain network's DOT token slipped 6.64 per cent over the last 24 hours. 

Polygon network's MATIC reclaimed the spot of the thirteenth most valuable cryptocurrency as per market cap although the token slipped 4.86 per cent. 

Avalanche’s native crypto AVAX tumbled 2.69 per cent, and memecoin Shiba Inu rose 0.80 per cent. 

Overall, majority top tokens slipped from their positions over the last 24 hours. Despite the downtrend, the global market cap is above $1 trillion levels. 

Also Read: Ethereum zooms 60% in a month; will the rally continue after the merge?  - BusinessToday

Also Read: How US Fed Reserve rate hike impacts cryptocurrencies - BusinessToday