Crypto Market Dips Marginally, Trading Volume Rises 31%; Bitcoin Down, Ethereum Up

The global crypto market declined marginally on Tuesday. The total market cap was down by 0.61 per cent to $2.25 trillion, while the total trading volume was up by 31.96 per cent to $80.23 billion. Hamster Kombat HMSTR was the most trending cryptocurrency. It was down by 6.73 per cent to $0.005473. Its 24-hour trading volume was $184.58 million.

Sui SUI was the top gainer. It was up by 9.87 per cent. Its 24-hour trading volume was $813.24 million. JasmyCoin JASMY was the top loser. It was down by 4.45 per cent. Its 24-hour trading volume was $59.97 million.

DeFi was down by 1.15 per cent to $4.59 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, co-founder and CEO, Unocoin, said: “Most top 100 cryptocurrencies are down today, with Shiba Inu (SHIB) leading the decline at 4.1 per cent, trading at $0.00001873. Dogecoin (DOGE) and Notcoin (NOT) follow with drops of 2.8 per cent and 2.6 per cent, respectively. Conversely, Conflux (CFX) rose 11 per cent, trading at $0.1956, and XRP gained 3.2 per cent, now at $0.64376. Dogecoin fell 2.8 per cent to $0.12295, and Bitcoin (BTC) decreased by 1.4 per cent to $63,630. Ethereum (ETH) remains relatively unchanged at $2,623. Meanwhile, the US saw significant inflows in Ethereum ETFs, totalling $84.5 million for the week, marking a positive shift in sentiment.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.03 per cent to $63,788.01. Its 24-hour trading volume was $35.35 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 up by 0.56 per cent to $2,643.27 from the previous day. Its 24-hour trading volume was $17.32 billion. Ethereum’s market dominance was 13.9 per cent.

Tether: Tether USDT was trading at $0.9993. It was down by 0.05 per cent. Its 24-hour trading volume was $61.51 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 0.23 per cent to $155.26. Its 24-hour trading volume was $2.15 billion.

Avalanche AVAX was trading at $28.49, up by 0.18 per cent. Its 24-hour trading volume was $374.24 million.

Cardano ADA was down by 1.77 per cent to $0.3823 from the previous day. Its 24-hour trading volume was $259.49 million.

Meme Coins

Dogecoin DOGE was down by 3.52 per cent, with a 24-hour price of $0.1178.

Shiba Inu SHIB was down by 1.63 per cent to $0.00001829.

Decentralised Finance

DeFi coin was trading at $0.02124, up by 0.87 per cent.

Yearn.Finance YFI was down by 0.47 per cent to $5,428.92 in the last 24 hours. Its 24-hour trading volume was $13.09 million.