Crypto Market Dips Marginally, Trading Volume Declines 4.40; Bitcoin, Ethereum Down

The global crypto market gained marginally on Friday. The total market cap was down by 0.10 per cent to $2.37 trillion, while the total trading volume was down by 4.40 per cent to $79.28 billion. Pepe PEPE was the most trending cryptocurrency. It was up by 1.18 per cent to $0.000007416. Its 24-hour trading volume was $1.19 billion. Warmhole W was the top gainer. It was up by 14.43 per cent. Its 24-hour trading volume was $294.70 million. Ronin RON was the top loser. It was down by 8.15 per cent. Its 24-hour trading volume was $33.02 million.

DeFi was down by 1.08 per cent to $5.09 billion, Coinmarketcap.com reported.

Also Read: Hong Kong Bitcoin And Ether ETF Structures Unveiled Before April 30 Launch

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "BlackRock's ETF inflow streak has ended, affecting the bitcoin market. BlackRock's IBIT saw investment decline for the first time since January, along with cooling enthusiasm in other funds. Hong Kong plans to launch bitcoin and ether ETF to challenge US dominance, despite regulatory hurdles. Fidelity's Bitcoin ETF has secured a record investment of $40 million, showing institutional confidence amid low public participation. The current price of Bitcoin is $64,165, with a pivot point of $65,825. Resistance levels are at $67,687, $69,232 and $71,068, while support levels are at $63,654, $61,387 and $59,746, suggesting a bearish stance below $65,825."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.04 per cent to $64,274.07. Its 24-hour trading volume was $31.95 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.4 per cent.

Ethereum: Ethereum ETH was down by 0.70 per cent to $3,122.49 from the previous day. Its 24-hour trading volume was $13.72 billion. Ethereum’s market dominance was 16.3 per cent.

Tether: Tether USDT was trading at $1.00. It was down by 0.03 per cent. Its 24-hour trading volume was $56.36 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 2.63 per cent to $143.58 Its 24-hour trading volume was $3.55 billion.

Avalanche AVAX was trading at $35.37, down by 0.76 per cent. Its 24-hour trading volume was $375.05 million.

Cardano ADA was down by 0.26 per cent to $0.4761 from the previous day. Its 24-hour trading volume was $354.76 million.

Meme Coins

Dogecoin DOGE was down by 0.19 per cent, with a 24-hour price of $0.1516.

Shiba Inu SHIB was up by 1.51 per cent to $0.00002555.

Decentralised Finance

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

Yearn.Finance YFI was down by 0.78 per cent to $7,027.42 in the last 24 hours. Its 24-hour trading volume was $18.67 million.