Cryptocurrency Market Cap Rises to $2.33T as Bitcoin, Ethereum Rally

The global crypto market cap rose by 2.28% on Monday to settle at $2.33 trillion as top cryptocurrency assets, especially Bitcoin and Ethereum, opened the week on a positive note.

The Bitcoin price inched higher above $68,600 during early trading hours on the crypto exchange, while Ethereum climbed above $2,530 at the same time. The total crypto market volume over the last 24 hours reached $57.99 billion, representing a 30.57% increase over the day, according to data from CoinMarketCap.com.

The total volume in DeFi is currently $3.6B, accounting for 6.20% of the total crypto market 24-hour volume traded across cryptocurrency exchanges on Monday.

With the fresh buying interest, the volume of all stable coins climbed to $52.57 billion, which is 90.65% of the total crypto market 24-hour volume traded in the market at the press time. Most major digital assets fell Friday, with bitcoin (BTC-USD) hovering near the $67,000 level.

The CoinDesk Market Index, which tracks 126 digital assets, was 2.1% down in the past 24 hours. US stock indexes were mixed with the Nasdaq 100 rising 0.5%, the Dow Jones Industrial Average shedding 0.6%, and the S&P 500 0.1% lower.

Bitcoin dipped 2% to $66,874, with its 24-hour trading volume surging 28.2% to $38.57 billion, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly decline of more than 2%.

Ethereum (ETH-USD), the second-largest digital asset, dropped 2.6% to $2,473 and headed for a weekly slump of nearly 7%.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, shed 1.6%, while Solana (SOL-USD), the fourth-largest, lost 5.2%. XRP (XRP-USD) was 3.4% lower, Dogecoin (DOGE-USD) tumbled 5.2%, and Cardano (ADA-USD) fell 3.6%. £Cryptocurrency Market Cap Rises to $2.33T as Bitcoin, Ethereum Rally