Crypto Market Declines Marginally, Trading Volume Gains

The global crypto market Decreased marginally on Friday. The total market cap was down by 1.90 per cent to $2.54 trillion, while the total trading volume was up by 49.61 per cent to $142.46 billion. Pepe PEPE was the most trending cryptocurrency. It was up by 4.95 per cent to $0.00001455. Its 24-hour trading volume was $4.29 Billion. Ondo ONDO was the top gainer. It was up by 15.55 per cent. Its 24-hour trading volume was $ $436.96 million. Ordi ORDI was the top loser. It was down by 9.07 per cent. Its 24-hour trading volume was $210.54 million.

DeFi was down by 0.46 per cent to $10.51 billion, Coinmarketcap.com reported.

Also Read: BlackRock, Grayscale, And Bitwise Update ETF Filings Ahead Of SEC Decision

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTC) is facing resistance around $70,000 after peaking at $71,957, a 13% gain over the past week, driven by inflows into Bitcoin spot ETFs and optimism for Ethereum spot ETF SEC approval. BlackRock's IBIT captured 94.86% of recent inflows, attracting 414 institutional investors and holding nearly 282,000 BTC. Ethereum ETFs are also gaining momentum in Hong Kong with significant inflows boosting the crypto market. Analyst Kaleo predicts that Bitcoin could reach $150,000 to $200,000, while Ethereum could climb as high as $12,000. Bitcoin is currently trading at $69,563, with immediate resistance at $72,030 and support at $67,549. The RSI indicates moderate momentum, suggesting a bullish outlook if BTC remains above $68,950."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 2.71 per cent to $67,588.22. Its 24 hour trading volume was $42.58 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.5 per cent.

Ethereum: Ethereum ETH was up by 0.54 per cent to $3,805.09 from the previous day. Its 24-hour trading volume was $46.06 billion. Ethereum’s market dominance was 17.7 per cent.

Tether: Tether USDT was trading at $0.9994. It was down by 0.01 per cent. Its 24-hour trading volume was $109.48 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 4.95 per cent to $168.93. Its 24-hour trading volume was $5.52 billion.

Avalanche AVAX was trading at $38.71, down by 3.11 per cent. Its 24-hour trading volume was $736.80 million.

Cardano ADA was down by 1.08 per cent to $0.485 from the previous day. Its 24-hour trading volume was $379.63 million.

Meme Coins

Dogecoin DOGE was down by 0.73 per cent, with a 24-hour price of $0.167.

Shiba Inu SHIB was down by 1.94 per cent to $0.00002551.

Decentralised Finance

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

Yearn.Finance YFI was down by 1.18 per cent to $7,187.46 in the last 24 hours. Its 24-hour trading volume was $15.67 million.