Crypto markets in red, Binance's stable coin drops 3.31 pc

The markets for cryptocurrencies are in the red this Tuesday morning. The global market cap was down by 1.10 per cent over the last 24 hours, and is at $1.07 trillion as of 6: 00 AM IST, according to CoinMarketCap data.

It's down by 0.81 per cent and is trading at $23,205.

The price of ether is trading at $1,632 and showed a downward trend. The criptocurrency was down 3.31 per cent.

The USDT ether showed a 0.01 per cent negative change over the last 24 hours. The stable coin has a peg of $1.

The USDC stablecoins had a negative change of 0.02 per cent and maintained its peg at $1, while the BNB token fell 1.21 per cent over the last 24 hours.

The XRP Ripple saw a decline of 1.03 per cent over the last 24 hours.

The price of the BinanceUSD stable coin dropped to the seventh most valuable coin, per market cap. The last 24 hours, the price of the criptocurrency went up 0.28 per cent.

The ADA token fell by 2.38 per cent, while Solana fell by 3.23 per cent over the last 24 hours.

Doge coin fell 0.70 per cent in the last 24 hours, while stable coin DAI is down 0.01 per cent.

Polkadot's DOT token slipped 6.64 per cent over the last 24 hours.

The MATIC of the Polygon network has regained the spot of the thirteenth most valuable coin per market cap, although the token fell 4.86 per cent.

Avalanche's native currency AVAX fell 2.69 per cent, and the meme coin Shiba Inu rose 0.80 per cent.

The majority of top tokens slipped from their positions over the last 24 hours. Despite the downtrend, the global market cap is above $1 trillion levels.