On Monday, cryptocurrencies continued to lose money. The market capitalization of all cryptocurrencies was $1.1 trillion, with a volume of $61.5 billion during the previous day.

Bitcoin, the biggest and most used virtual currency in the world, decreased 1.39 percent to $24,355.5. At the time, it had a $470 billion market value. The value of the trade was $28.1 billion.

“During the weekend, Bitcoin rose to over $25,000. Today, it is down to $24,000. The fact that Bitcoin has maintained its weekly gains shows that buyers are still in the market. The next resistance level will be at $31,000, and there won’t be any significant impediments between if buyers can push BTC back to $25,250.

The second-largest virtual currency, decreased 0.9 percent to $1,678.5 and has a market value of $205.5 billion. In the previous day, Ethereum trades were worth $7.6 billion.

“Similar to Bitcoin, Ethereum has grown steadily and is now getting close to its $1,700 resistance level. A breakthrough could trigger a rise in the coming days.”

Dogecoin, a virtual currency based on memes, decreased 1.8 percent to $0.1. It was valued at $11.5 billion in the market. There were $543.6 million worth of transactions.

Solana increased 10.4% to $20.8 and now has a $9.7 billion market cap. In the previous 24 hours, Solana’s trading volume was $1.3 billion.

Shiba Inu
Shiba Inu market capitalization of $7.3 billion decreased by almost 1.4 percent. In the previous 24 hours, there were $500.3 million in trades.

With a market capitalization of $12.8 billion, Polygon share price dropped by 1.9% to $1.4. In the past 24 hours, there were $771.8 million worth of transactions.