Prices of cryptocurrencies on August 16

16 Aug 2022 , 03:43 PM

The worldwide crypto market value fell 2.90 % to $1.15 trillion from the previous day, causing major cryptocurrencies to trade in the red early on August 16. On the other hand, the overall volume of the crypto market during the previous 24 hours increased by 21.48 % to $77.99 billion.

DeFi's entire 24-hour volume was $6.03 billion, or 7.74 %, of the overall crypto market volume. A total of $71.28 billion worth of stable currencies were traded, accounting for 91.40 % of the 24-hour volume of the whole crypto market.

With a 40.15 % market share, the price of Bitcoin was almost Rs18.78 lakh. According to data from CoinMarketCap, this represented a daily rise of 0.10 %. While retail investor interest in dog-themed cryptocurrencies rose on Monday, especially as Ethereum moves closer to its eagerly awaited software upgrade, dog-themed cryptocurrencies also flourished.

Shiba Inu's value has increased by roughly 40%, while Dogecoin's value has increased by 14% over the last five days, according to several other sources. The anticipation surrounding its upcoming update, known as Merge, which is currently anticipated around September 15, has caused the meme tokens to stay onto their profits even while Bitcoin hovers around $25,000 and Ether hovers around $2,000.