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

The global crypto market declined marginally on Monday. The total market cap was down by 0.26 per cent to $2.43 trillion, while the total trading volume was up by 12.73 per cent to $56.65 billion. Notcoin NOT was the most trending cryptocurrency. It was down by 12.13 per cent to $0.01955. Its 24-hour trading volume was $190.12 million. Pendle PENDLE was the top gainer. It was up by 5.01 per cent. Its 24-hour trading volume was $100.14 million. Pyth Network PYTH was the top loser. It was down by 11.64 per cent. Its 24-hour trading volume was $281.13 million.

DeFi was down by 1.35 per cent to $5.47 billion, Coinmarketcap.com reported.

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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said "Bitcoin is currently priced at $67,330.50, up 0.15% in the last day, with a trading volume of $16.3 billion and a market cap of $1.33 trillion. Technically, it remains above the $66,680 pivot point, signaling bullish momentum. Key resistance levels are $69,296, $71,090 and $72,809, while support levels are $64,662, $63,299,l and $61,517. The RSI at 64 suggests room for further upside, with the 50-day EMA at $64,739 reinforcing the bullish trend. Doji candles indicate neutral sentiment, but if Bitcoin holds above $66,680, the trend is positive. Tracking these levels will be key to predicting Bitcoin's next move."

Crytocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.04 per cent to $67,112.91. Its 24-hour trading volume was $21.75 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.7 per cent.

Ethereum: Ethereum ETH was up by 0.16 per cent to $3,127.08 from the previous day. Its 24-hour trading volume was $10.38 billion. Ethereum’s market dominance was 15.3 per cent.

Tether: Tether USDT was trading at $0.9999. It was down by 0.01 per cent. Its 24-hour trading volume was $43.21 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 1.51 per cent to $177.30. Its 24-hour trading volume was $2.76 billion.

Avalanche AVAX was trading at $36.42, up by 7.50 per cent. Its 24-hour trading volume was $338.69 million.

Cardano ADA was down by 0.72 per cent to $0.4771 from the previous day. Its 24-hour trading volume was $840.80 million.

Meme Coins

Dogecoin DOGE was down by 1.73 per cent, with a 24-hour price of $0.1526.

Shiba Inu SHIB was down by 2.38 per cent to $0.00002428.

Decentralised Finance

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

Yearn.Finance YFI was down by 1.05 per cent to $6,932.32 in the last 24 hours. Its 24-hour trading volume was $14.39 million.