The global crypto market declined marginally on Friday. The total market cap was down by 0.45 per cent to $2.04 trillion, while the total trading volume was down by 15.63 per cent to $60.93 billion. Dogs DOGS was the most trending cryptocurrency. It was down by 2.21 per cent to $0.001036. Its 24-hour trading volume was $239.76 million.
Crypto Market Declines Marginally, Trading Volume Dips 15%; Bitcoin, Ethereum Fall
Bitcoin was down by 0.64 per cent, while Ethereum was down by 0.70 per cent. Dogs DOGS was the most trending cryptocurrency, while Quant QNT was the top gainer and Aave AAVE was the top loser
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Quant QNT was the top gainer. It was up by 9.19 per cent. Its 24-hour trading volume was $16.04 million. Aave AAVE was the top loser. It was down by 5.74 per cent. Its 24-hour trading volume was $305.12 million.
DeFi was up by 0.14 per cent to $2.73 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, co-founder and CEO, Unocoin said: “Bitcoin’s price has seen a slight decline of 0.97 per cent since mid-August. It is currently trading at $58,360. Analysts are cautious, with some predicting a potential dip to a low of $40,000 before a possible resurgence. Markus Thielen from 10x Research forecasted that Bitcoin could fall into the low $40,000 range before rebounding. If Bitcoin drops to $45,000, it might trigger market fear and uncertainty, but a recovery to around $70,000 could lead to increased investor enthusiasm and fear of missing out. Overall, the market sentiment remains fear-driven, as reflected in the ‘Crypto Fear & Greed Index’ score of 31.”
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.64 per cent to $57,867.54. Its 24-hour trading volume was $31.45 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.1 per cent.
Ethereum: Ethereum ETH was down by 0.70 per cent to $2,358.63 from the previous day. Its 24-hour trading volume was $11.08 billion. Ethereum’s market dominance was 13.9 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.01 per cent. Its 24-hour trading volume was $46.54 billion. It was ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.83 per cent to $134.56. Its 24-hour trading volume was $1.39 billion.
Avalanche AVAX was trading at $23.72, down by 0.20 per cent. Its 24-hour trading volume was $190.14 million.
Cardano ADA was down by 0.14 per cent to $0.3544 from the previous day. Its 24-hour trading volume was $233.07 million.
Meme Coins
Dogecoin DOGE was down by 0.42 per cent, with a 24-hour price of $0.102.
Shiba Inu SHIB was down by 0.09 per cent to $0.00001341.
Decentralised Finance
DeFi coin was trading at $0.01966, down by 5.49 per cent.
Yearn.Finance YFI was down by 0.36 per cent to $4,840.81 in the last 24 hours. Its 24-hour trading volume was $8.21 million.
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