Bitcoin was down by 0.38 per cent, while Ethereum was down by 0.12 per cent. Bitcoin BTC was also the most trending, while Popcat (SOL) POPCAT was the top gainer and Arweave AR was the top loser.
The global crypto market declines marginally on Friday. The total market cap was down by 0.11 per cent to $2.3 trillion while the total trading volume was up by 6.32 per cent to $82.64 billion. Bitcoin BTC was the most trending. It was down by 0.38 per cent to $64,204.54. Its 24-hour8 trading volume was $38.39 billion.
Popcat (SOL) POPCAT was the top gainer. It was up by 9.61 per cent. Its 24-hour trading volume was $74.13 million. Arweave AR was the top loser. It was down by 9.34 per cent. Its 24-hour trading volume was $87.22 million.
DeFi was down by 0.71 per cent to $4.53 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, As of August 1, 2024, Bitcoin (BTC) is trading at $63,895, a decrease of $2,164.77. Short-term analysis suggests that Bitcoin has fallen below the rising trend channel, indicating a potential further decline or stagnation. Medium-term trends show Bitcoin in a rectangular pattern between $54,390 and $69,321, with a potential break below $57,000 or a breakout above $71,000. Long-term trends show that Bitcoin is rising, but recent support at $67,000 has been broken, signaling a possible further decline. Overall, the short- and medium-term outlook is negative, while the long-term outlook remains neutral."
Bitcoin: Bitcoin BTC was down by 0.38 per cent to $64,204.54. Its 24-hour trading volume was 38.39 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.8 per cent.
Ethereum: Etherum ETH was down by 0.12 per cent to $3,155.02 from the previous day. Its 24-hour trading volume was $18.15 billion. Ethereum’s market dominance was 17.1 per cent.
Tether: Tether USDT was trading at $0.999. It was down by 0.04 per cent. Its 24-hour trading volume was $61.98 billion. It is ranked third on Coinmarketcap.
Solana SOL was down by 1.04 per cent to $164.53. Its 24-hour trading volume was $4.08 billion.
Avalanche AVAX was trading at $25.27, up by 1.14 per cent. Its 24-hour trading volume was $287.10 million.
Cardano ADA was up by 1.12 per cent to $0.3846 from the previous day. Its 24-hour trading volume was $342.23 million.
DeFi coin was trading at $0.02988, down by 3.18 per cent.
Yearn.Finance YFI was down by 0.66 per cent to $5,525.07 in the last 24 hours. Its 24-hour trading volume was $15.50 million.