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Bitcoin holds above $48,000; Solana, Avalanche shed up to 4%

The cryptocurrency markets were trading marginally lower in Monday's trade after Bitcoin hit the 48,000 mark over the weekend. The global cryptocurrency market cap fell 0.8% to around $1.8 trillion in the last 24 hours. At 11:50 a.m., Bitcoin was trading 0.14% lower at $48,128, while Ethereum was down 1.15% at $2,498. Meanwhile, other altcoins such as Solana, Avalanche, Cardano and Polygon fell 3-4%. XRP, Dogecoin, Chainlink, Polkadot, Internet Computer and Shiba Inu also declined up to 3%. The total volume in DeFi is currently $4.5 billion, 9.96% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.32 billion, which is 89.34% of the total crypto market 24-hour volume.

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