Cryptocurrencies are trading firmly in the green as world markets ushered in the new year. Hopes of more crypto-friendly policies and initiatives from the new regime in the U.S. boosted market sentiment.
Overall crypto market capitalization increased close to 4.6 percent overnight to the level of $3.4 trillion. None of the top 100 cryptocurrencies are trading with losses on an overnight basis. The 24-hour trading volume stood at $111.7 billion which is expected to increase further over the coming days with the unwinding of the holiday season.
Market capitalization of the not-so-volatile stablecoins edged down 0.03 percent to $211.3 billion or 6.2 percent of the overall crypto market.
Market capitalization of the Decentralized Finance (DeFi) category increased 8.6 percent to $155.0 billion or 4.6 percent of the overall crypto market.
Meme category market capitalization gained 9.8 percent overnight to $104.6 billion implying a market…
