In the last few days, markets have been stabilised by signs that the U.S. central bank would retreat from its current diet of hawkish 75 basis point interest rate hikes.
Cryptocurrency prices were back in the red today though. The total crypto market volume over the last 24 hours has decreased by 22.20% to $47.41 Billion. DeFi’s total volume is currently $3.12B, accounting for 6.58% of the total crypto market 24-hour volume.
Bitcoin has dropped by more than 1% and is currently trading at $16,429.48 USD, with a 24-hour trading volume of $24,673,125,048 USD. Ether was recently changing hands at about $1,195, up 1.16% over the past day. Other cryptos were mixed, with Cardano (ADA) down almost a percentage point (-0.96%) and Quant (QNT) trading up 0.32%.
Litecoin recorded about 99.91 million daily social engagements, a record last hit over a year ago. Interestingly, the asset’s surge in social engagements comes amidst its MimbleWimble upgrade.