The global cryptocurrency market experienced a slight increase on Monday, with the total market capitalization rising by 1.62% to \(2.44 trillion. Simultaneously, the total trading volume saw a 2.99% uptick to reach \)63.35 billion. Bitcoin (BTC) emerged as the most popular digital asset, registering a 1.71% increase to \(66,283.15, with a 24-hour trading volume of \)24.31 billion. Among the notable performers, AIOZ Network (AIOZ) stood out as the top gainer, surging by 13.23% with a 24-hour trading volume of \(5.85 million. Conversely, Nervos Network (CKB) experienced a decline as the top loser, dropping by 4.56% with a 24-hour trading volume of \)81.38 million.

Commenting on the market trends, Sathvik Vishwanath, the co-founder & CEO of Unocoin, highlighted Bitcoin’s rally to \(65,225, marking a 1.50% increase and reflecting a growing investor confidence bolstered by significant investments. Renowned dot-com billionaire Michael Saylor’s net worth nearing \)4 billion was largely attributed to strategic Bitcoin investments and MicroStrategy stock. Grayscale’s introduction of Bitcoin Mini Trust, featuring a low fee of 0.15%, aims to enhance accessibility and competitiveness in the market. However, the IRS’s introduction of Form 1099-DA aimed at enhancing the reporting of digital asset transactions has sparked privacy and security concerns. Technical analysis of Bitcoin suggests potential further upside if current levels are maintained, with resistance and support levels indicating possible price movements.

Additionally, Decentralized Finance (DeFi) witnessed a 4.30% increase, reaching $5.12 billion, as reported by Coinmarketcap.com.