Crypto Market Continues To Trade In Red, Trading Volume Dips 11.56%

The global crypto market continued to trade in the red on Wednesday on the back of a dip in major cryptocurrency prices. The total market cap was down by 1.39 per cent to $1.06 trillion, and the total trading volume was down by 11.56 per cent to $25.64 billion.

Safereum SAFEREUM was the most trending cryptocurrency, down by 1.18 per cent to $0.000009036. Its 24-hour trading volume was $6.38 million. Render RNDR was the top gainer, up by 3.45 per cent to $1.78 in the last 24 hours. Its 24-hour trading volume was $37.12 million. Tezos XTZ was the top loser, down by 6.82 per cent to $0.6694 in the last 24 hours. Its 24-hour trading volume was $70.60 million.

DeFi fell 8.11 per cent to $2.08 billion, Coinmarketcap.com reported.

Cryptocurrency Prices Latest Update

Bitcoin: Bitcoin was down by 1.78 per cent to $27,115.01. Its 24-hour trading volume was $11.24 billion. It is currently ranked number 1 on Coinmarketcap, based on the market cap. Bitcoin’s market dominance was 50.07 per cent, down 0.21 per cent over the last 24 hours.

Ethereum: Ethereum was down by 1.47 per cent to $1,561. Its 24-hour trading volume was $5.50 billion.

Tether: Tether was trading at $1, same as yesterday. Its 24-hour trading volume was $18.67 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana (SOL) was up by 0.37 per cent to $22.20. Its 24-hour trading volume was $255.35 million.

Avalanche was trading at $9.38, down by 1.87 per cent. Its 24-hour trading volume was $130.81 million.

Cardano ADA was down by 1.77 per cent to $0.2475 from the previous day. Its 24-hour trading volume was $116.48 million.

Meme Coins

Dogecoin (DOGE) was up by 0.14 per cent, with a 24-hour price of $0.05899.

Shiba Inu was down by 1.14 per cent to $0.000006864.

Decentralised Finance

DeFi coin was trading at $0.0009546, up by 0.26 per cent.

Yearn.Finance was down by 1.25 per cent to $5,118.28 over the last 24 hours, while its 24-hour trading volume was $23.67 million