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

The global crypto market gained marginally on Friday. The total market cap was down by 6.94 per cent to $2.57 trillion, while the total trading volume was up by 40.42 per cent to 194.56 billion. Pepe PEPE was the most trending cryptocurrency. It was down by 11.57bper cent to $0.000009245. Its 24-hour trading volume was 2.63 billion. dogwifhat WIF was the top gainer, up by 5.86 per cent. Its 24-hour trading volume was $1.25 billion. Bitcoin SV BSV was the top loser, down by 18.34 per cent. Its 24-hour trading volume was $219.79 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is trading at $69,100 and fell by -5% , with a pivot point at $70,013 and resistance levels between $73,824 and $79,904. Key support levels at $67,154, $64,861 and $62,192. Renowned Bitcoin skeptic Peter Schiff recently expressed regret for not investing in the cryptocurrency when it was introduced to him in 2010. Schiff, known for his advocacy of gold investments, had dismissed Bitcoin as a "pure Ponzi scheme" in the past. However, he admitted that he could have amassed a net worth of over a hundred million dollars if he had invested back then. Despite his earlier skepticism, Schiff now acknowledges Bitcoin's resilience and entertained the idea of it reaching $1 million, though he still maintains his belief that it could ultimately plummet to zero. As a proponent of gold, Schiff also voiced concerns about the impact of spot Bitcoin ETFs on gold's market capitalization."

DeFi was down by 5.55 per cent to $15.95 billion, Coinmarketcap.com reported.

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Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 7.65 per cent to $67,642.23. Its 24-hour trading volume was $74.60 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.1 per cent.

Ethereum: Ethereum ETH was down by 7.28 per cent to $3,683.44 from the previous day. Its 24-hour trading volume was $31.86 billion. Ethereum’s market dominance was 17.3 per cent.

Tether: Tether USDT was trading at $0.9993, down by 0.10 per cent. Its 24-hour trading volume was 138.54 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 4.18 per cent to $173.97. Its 24-hour trading volume was $11.17 billion.

Avalanche AVAX was trading at $52.30, down by 6.06 per cent. Its 24-hour trading volume was $1.91 billion.

Cardano ADA was down by 6.12 per cent to $0.7091 from the previous day. Its 24-hour trading volume was $1.85 billion.

Meme Coins

Dogecoin DOGE was down by 11.34 per cent, with a 24-hour price of $0.1639.

Shiba Inu SHIB was down by 12.00 per cent to $0.00002973.

Decentralised Finance

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

Yearn.Finance YFI was down by 8.92 per cent to $9,302.77 in the last 24 hours. Its 24-hour trading volume was $100.92 million. in the last 24 hours.