The cryptocurrency market catches its breath after the selloff over the weekend. The flagship currency hovers over $21,000, after rising $24,000 last month.
The majority of the cryptocurrencies were trading green on Monday morning. Bitcoin, the largest virtual coin by market capitalization, was trading at $21,414, up more than 1 percent.
In the previous week, the digital token has dropped over 13 percent and has failed to hold support at $22,000 after breaking $25,000 in the meantime.
On the other side, Ether, the second largest cryptocurrency, rose more than 0.97 percent to 1,583 over the previous day, according to Coindesk data at 12:27 IST.
Other popular digital tokens, which tend to move in tandem with bitcoin, also gained slightly. Shiba Inu, the second-largest meme coin, rose over 2.31 percent to $0.000013 and Solana up more than 2.22 percent to $35.65. However, the most followed meme coin Dogecoin fell 1.13 percent to $0.066960.
The global cryptocurrency market cap increased by 0.08 percent to $1.01 trillion in the last 24 hours. One the flip side, the total cryptocurrency trading volume decreased 28.01 percent to $58.33 billion.
Meanwhile, out of a total market cap, bitcoin's dominance is 40.25 percent, an increase of 0.12 percent over the day, as per CoinMarketCap data at 12:42 IST.
