Crypto Market Overview March 18,2024

Welcome to Crypto Insider's Monday Edition! As a new week dawns in the world of cryptocurrencies, we're excited to bring you fresh insights, market updates, and expert analysis to help you navigate the week ahead. Join us as we dive into the latest trends and developments shaping the crypto landscape, providing you with valuable information to stay ahead of the curve. Let's kick off the week together with a deep dive into the dynamic world of digital assets!

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.57T, a 1.62% increase over the last day.

The total crypto market volume over the last 24 hours is $120.72B, which makes a 22.42% decrease. The total volume in DeFi is currently $10.78B, 8.93% of the total crypto market 24-hour volume. The volume of all stable coins is now $109.43B, which is 90.65% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.89%, an increase of 0.08% over the day.

Crypto Carnage: Over $800 Million Wiped Out In Market Plunge

The recent market plunge has sent shockwaves through the crypto industry, resulting in hundreds of millions in dollars being wiped out in a matter of hours.

The price of Bitcoin has retreated violently to a weekly low of $67,500 after a few days of showing remarkable advances and setting new all-time highs.

The altcoins have experienced a significant decline as well, resulting in nearly 200,000 traders making liquidations during the last 24 hours.

The weekend brought a tremor to the cryptocurrency market, with a sudden price correction causing short-term panic and hundreds of millions in liquidated positions.

However, despite the wobble, analysts are divided on whether this signifies a broader market shift or a mere blip on the bullish radar.

Bitcoin Ordinal NodeMonkes Soars Over 50% in Floor Price, Surpassing BAYC

NodeMonkes is not the sole Bitcoin-based NFT experiencing significant performance gains. Bitcoin’s surge to a new all-time high above $70,000 has sparked increased interest in the BTC ecosystem.

NodeMonkes, a non-fungible token (NFT) collection minted on the Bitcoin (BTC) blockchain, has once again captured headlines after reaching a sales volume of $11.4 million earlier this month.

This time, the floor price of Bitcoin NodeMonkes surged by over 50%, reaching an all-time high of 0.82 BTC for one of its unique collections, which consists of 10,000 characters in ordinals. The surge brings the figure to $55,853, surpassing other NFT projects like the Bored Ape Yacht Club (BAYC).

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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