Convex Finance Soars as Cryptocurrency Market Sees Modest Growth

The cryptocurrency market saw a modest increase in total market capitalization over the past 24 hours, rising to $2.65 trillion from $2.64 trillion.

Bitcoin's price remained relatively stable at $78,881, with a minor loss of 0.25% in the last day.

The total crypto trading volume decreased by 1.82%, settling at $315.46 billion.

Among the top coins by market capitalization, Ethereum saw a slight gain of 1.27% to reach $2,495.98, while Chainlink moved up to the 10th spot in rankings.

The bulls dominated the market today, with 91% of coins gaining value over the last 24 hours.

Convex Finance was the standout performer, experiencing a significant 30.64% price increase and earning the title of 'Coin of the Day.'