Regarding price analysis, BTC was trading with losses for the most part of August 21 but there was a great turn around today as the price gained significant upward momentum. This momentum uplifted the price of Bitcoin for the remainder of the day and continues to do so today too.
Although the price of BTC currently trades with gains, the trade is very choppy and volatile, resulting in frequent ups and downs in the price.
The global crypto market capitalisation went up by 0.95 per cent to $1.02 trillion as of 8.50 am.
However, the global crypto volume was down by 19.3 per cent to $58.68 billion, according to Coinmarketcap data.
The trading volume in the decentralised finance coins section is about $4.51 billion, or 7.68 per cent of the total crypto market 24-hour volume.
The volume of all stable coins is $56.09 billion, or about 95.59 per cent of the total crypto market volume in the last 24 hours
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