Crypto Market Dips Marginally, Trading Volume Declines 16%; Bitcoin, Ethereum Down

The global crypto market dipped marginally on Wednesday. The total market cap was down by 0.18 per cent to $2.17 trillion, while the total trading volume was down by 16.85 per cent to $65.94 billion. Sui SUI was the most trending cryptocurrency. It was down by 5.98 per cent to $1.91. Its 24-hour trading volume was $897.11 million.

EigenLayer EIGEN was the top gainer. It was up by 10.09 per cent. Its 24-hour trading volume was $468.66 million. Worldcoin WLD was the top loser. It was down by 6.40 per cent. Its 24-hour trading volume was $190.25 million.

DeFi was down by 1.90 per cent to $3.51 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.65 per cent to $62,150.17. Its 24-hour trading volume was $26.22 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 0.17 per cent to $2,432.46 from the previous day. Its 24-hour trading volume was $13.93 billion. Ethereum’s market dominance was 13.9 per cent.

Tether: Tether USDT was trading at $0.9993. It was down by 0.06 per cent. Its 24-hour trading volume was $50.42 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.52 per cent to $143.14. Its 24-hour trading volume was $2.41 billion.

Avalanche AVAX was trading at $26.51, down by 0.25 per cent. Its 24-hour trading volume was $264.23 million.

Cardano ADA was down by 2.57 per cent to $0.3432 from the previous day. Its 24-hour trading volume was $212.23 million.

Meme Coins

Dogecoin DOGE was up by 1.47 per cent, with a 24-hour price of $0.109.

Shiba Inu SHIB was up by 0.81 per cent to $0.00001756.

Decentralised Finance

DeFi coin was trading at $0.02088, down by 6.83 per cent.

Yearn.Finance YFI was down by 0.58 per cent to $5,004.38 in the last 24 hours. Its 24-hour trading volume was $7.39 million.