Crypto Market Dips Marginally Even As Trading Volume Gains; Bitcoin, Ethereum Falls

The global crypto market declined marginally on Friday. The total market cap was down by 1.21 per cent to $2.62 trillion, while the total trading volume was up by 0.89 per cent to $119.71 billion. Fetch.ai FET was the most trending cryptocurrency. It was up by 1.53 per cent to $3.17. Its 24-hour trading volume was $714.37 million. dogwifhat WIF was the top cryptocurrency. It was gainer up by 21.07 per cent. Its 24-hour trading volume was $976.79 billion. Ronin RON was the top loser, down by 5.56 per cent. Its 24-hour trading volume was $39.63 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin continues its upward trajectory, attacking $70,750 in 24 hours with a 1.75% gain as the crypto market nears the $2 trillion mark. Institutional interest is palpable, BlackRock's BIT Bitcoin ETF amassed 250,000 BTC worth $17.7 billion in just 11 weeks. The Fidelity FBTC ETF also breaks $10 billion in assets. Robert Kiyosaki's bullish forecast predicts Bitcoin to peak at $100,000 by September, citing an upcoming halving event. It promotes the acquisition of Bitcoin alongside physical assets such as silver and gold. Resistance levels for BTC/USD are $71,677, $73,543 and $75,116, with support at $66,802, $64,875 and $63,078. The RSI at the 60 and 50-day EMA at $68,090 confirm strong buying interest and a bullish trend, supporting Bitcoin's positive outlook."

DeFi was down by 0.53 per cent to $12.56 billion, Coinmarketcap.com reported.

Also Read: THORChain Surpasses $10 Billion Monthly Trading Volume As Bitcoin Maximalists Discuss Safety

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 0.74 per cent to $70,265.78. Its 24-hour trading volume was $32.61 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.6 per cent.

Ethereum: Ethereum ETH was up by 0.85 per cent to $3,563.22 from the previous day. Its 24-hour trading volume was $14.34 billion. Ethereum’s market dominance was 16.4 per cent.

Tether: Tether USDT was trading at $1.00. it was up by 0.06 per cent. Its 24-hour trading volume was $104.50 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 1.44 per cent to $186.09. Its 24-hour trading volume was $2.91 billion.

Avalanche AVAX was trading at $53.87, down by 0.31 per cent. Its 24-hour trading volume was $466.85 billion.

Cardano ADA was down by 0.48 per cent to $0.6471 from the previous day. Its 24-hour trading volume was $442.79 million.

Meme Coins

Dogecoin DOGE was up by 9.37 per cent, with a 24-hour price of $0.2164.

Shiba Inu SHIB was up by 1.64 per cent to $0.00003097.

Decentralised Finance

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

Yearn.Finance YFI was down by 1.62 per cent to $9,030.64 in the last 24 hours. Its 24-hour trading volume was $47.24 million in the last 24 hours