Crypto market recoups $1 trillion valuation; Bitcoin tops $22,200, Ether soars over 6%

livemint.com:

The global crypto market was on a bull run on Monday as demand for cryptocurrencies picked up. On the back of strong volumes, the crypto market recouped its over $1 trillion valuation. A broad-based buying has been recorded in this market with Bitcoin leading the pack. The leader of cryptocurrencies has crossed over the $ 22,200 mark. Meanwhile, its counterpart Ethereum contributed substantial gains to the market.

As per CoinMarketCap, currently, the global crypto market is trading at $1.01 trillion up by 3.4% over the last day. In terms of volumes, the market recorded $69.31 billion in transactions increasing by 6.87%.

At present, the total volume in DeFi is at $6.13 billion --- 8.84% of the total crypto market 24-hour volume. The volume of all stablecoins is currently at $62.69 billion -- 90.45% of the total crypto market 24-hour volume.

Bitcoin was trading at $22,218.36 up by 3.12%. The digital coin has touched an intraday high of $22,242.90. Its market valuation is around $424.3 billion. Bitcoin's dominance jumped 0.05% to 41.97% over the day.

Ethereum was trading at $1,454.47 higher by 6.39%. It has witnessed an intraday high of $1,455.06. Ether's market cap is around $176.85 billion.

Other counterparts like Tether, USD Coin, BNB, XRP, Binance USD, Cardano, Solana, and Dogecoin are trading between flat to around 1% upside.

Due to the stellar performance in today's session, Bitcoin's weekly gain is now around 9% and Ethereum has jumped by more than 27.5%.

In the 24 hours, the top performing cryptocurrencies in terms of percentage are - Theta Fuel up nearly 20%, Loopring soaring nearly 15, Polygon climbing over 14%, THORChain surging over 10.5, and ApeCoin advancing over 10%.

Meanwhile, the top underperforming