Most cryptocurrencies plunged into the red as the crypto market capitalisation stood at $2.59 trillion, decreasing almost 1.98 percent over the last 24 hours. Currently trading at $57,852, bitcoin saw a marginal dip of about 0.11 percent in its dominance, standing at 42.24 percent.
When it comes to DeFi, it constituted 14.84 percent of the total 24-hour market volume standing at $15.84 billion. Similarly, stablecoins held good at 78.31 percent of the intraday-market volume, constituting a volume of $83.59 billion.
El Salvador president Nayib Bukele unveiled the country's plan to construct the world's first Bitcoin city, which will be financed via the issuance of $1 billion bitcoin bonds in 2022. However, no timeline was mentioned for the
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