Crypto Market Declined Marginally, Trading Volume Dips

The global crypto market declined marginally on Wednesday. The total market cap was down by 0.53 per cent to $2.27 trillion, while the total trading volume was down by 7.89 per cent to $121.24 billion. Ethena ENA was the most trending cryptocurrency. It was down by 2.20 per cent to $0.835. Its 24-hour trading volume was $483.64 million. Pepe PEPE was the top gainer. It was up by 21.66 per cent. Its 24-hour trading volume was $ $4.07 billion. Beam BEAM was the top loser. It was down by 6.29 per cent. Its 24-hour trading volume was $33.49 million.

DeFi was down by 1.35 per cent to $5.47 billion, Coinmarketcap.com reported.

Also Read: Ether Surges 18 Per Cent Amid New Hope For Spot Ether ETFs Approvals

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said that Bitcoin (BTC) surged to $71,957 amid optimism about the Ethereum ETF. "The SEC's move to update records boosted investor confidence. Anticipating the April halving, public bitcoin miners have raised $2 billion in equity funding, bolstering their financial position. Analysts now estimate a 75% chance of Ethereum ETF approval, which will boost market sentiment. Key BTC levels include the pivot at $72,030, with resistance at $73,734, $75,480, and $76,000, and support at $69,219, $68,853, and $65,949. The RSI is approaching overbought levels, while the 50 EMA at $68,853 offers crucial support. The bullish trend is expected to continue if Bitcoin remains above $69,219 with a target to break above $72,030."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.89 per cent to $69,656.36. Its 24-hour trading volume was $40.34 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.8 per cent.

Ethereum: Ethereum ETH was up by 2.28 per cent to $3,737.41 from the previous day. Its 24-hour trading volume was $33.49 billion. Ethereum’s market dominance was 17.4 per cent.

Tether: Tether USDT was trading at $0.9999. It was down by 0.01 per cent. Its 24-hour trading volume was $93.44 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 2.73 per cent to $177.07. Its 24-hour trading volume was $4.06 billion.

Avalanche AVAX was trading at $40.73, up by 1.72 per cent. Its 24-hour trading volume was $646.65 million.

Cardano ADA was down by 2.26 per cent to $0.486 from the previous day. Its 24-hour trading volume was $496.34 million.

Meme Coins

Dogecoin DOGE was up by 3.44 per cent, with a 24-hour price of $0.1675.

Shiba Inu SHIB was up by 1.27 per cent to $0.00002561.

Decentralised Finance

DeFi coin was trading at $0.04604, the same as yesterday.

Yearn.Finance YFI was up by 0.35 per cent to $7,214.93 in the last 24 hours. Its 24-hour trading volume was $25.86 million.