cryptocurrency Markets were restless on Sunday and erased some of their previous gains with global market capitalization reaching $1.86T, down 1.92% from the previous day.
According to CoinMarketCap, the total volume of the crypto market in the last 24 hours is $80.08B, which is a decrease of 5.23%. The total volume of DeFi currently stands at $13.89B, which is 17.34% of the total crypto market 24-hour volume. The volume of all stablecoins is now $66.97B, which is 83.63% of the total 24-hour volume of the crypto market.
The top 10 basket of cryptocurrency markets in terms of market capitalization – weighed in on the broader markets. Bitcoin traded a little over $41,450, down 1.3%. However, Bitcoin dominance currently stands at 42.17%, which is a 0.26% increase over the day.
Ethereum, BNB, Solana, Cardona and Avalanche fell between 2-5%. While Tether, USD Coin, XRP and Terra fell flat to around 1%.
ApeCoin is trending in the market this week. Earlier this week, board app Yacht Club NFT Collections launched its own cryptocurrency, Apcoin. The digital currency is an ERC-20 token used within the APE ecosystem. Furthermore, ApeCoin is the governance token of the ecosystem, which allows coin holders to participate in the ApeCoin DAO.
ApeCoin is currently down more than 20%, retracing its March 17 level, where the coin quickly rose to the top 100 crypto world. However, today, Apcoin was out of the top 40 clubs and ranked 46th among the most valuable cryptocurrency in terms of market cap.
On March 17th, Apcoin had a market cap of close to $4.1 billion, making it the 33rd largest crypto token in the world.
This week (March 14 to March 19), the crypto market registered some decent traction as most of the digital coins saw notable gains. Bitcoin has also crossed the $42,000 mark.
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