Crypto Market Dips Marginally, Trading Volume Rises By 26.04 Per Cent

The global crypto market gained marginally on Monday. The total market cap was down by 1.66 per cent to $2.59 trillion, while the total trading volume was up by 26.04 per cent to 117.46 billion. Pepe PEPE was the most trending cryptocurrency. It was down by 7.62 per cent to $0.000008422. Its 24-hour trading volume was 1.24 billion. Gala GALA was the top gainer, up by 20.81 per cent. Its 24-hour trading volume was $1.76 billion. Shib Inu SHIB was the top loser, down by 9.20 per cent. Its 24-hour trading volume was $1.91 billion.

Mr. Sathvik Vishwanath, Co-Founder & CEO, Unocoin said "Bitcoin surged to $69,400, up 1.50% on Sunday, sparking anticipation for its trajectory. DeFi exceeded $100 billion in Total Value Locked (TVL), riding the wave of Bitcoin's ascent. Memecoins like Korra and Ribbit joined the rally. Bill Ackman's humorous take on Bitcoin's economic impact ignited discussions. MicroStrategy's Bitcoin investment skyrocketed by 116% to $13.2 billion, reflecting institutional interest. Bitcoin's chart paints a bullish picture, with resistances at $71,992, $75,598, and $79,296, supported by $64,861, $62,872, and $59,380. The Relative Strength Index (RSI) at 66 and a bullish engulfing candle signal a strong buying trend, with $68,500 as a pivotal level."

DeFi was down by 0.25 per cent to $11.51 billion, Coinmarketcap.com reported.

Also Read: Bitwise CIO Warns Of Overvaluation In Cryptocurrency Markets

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.41 per cent to $68,529.33. Its 24-hour trading volume was $36.42 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.0 per cent.

Ethereum: Ethereum ETH was down by 2.62 per cent to $3,844.73 from the previous day. Its 24-hour trading volume was $17.83 billion. Ethereum’s market dominance was 18.2 per cent.

Tether: Tether USDT was trading at $1.00, down by 0.13 per cent. Its 24-hour trading volume was 102.06 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 4.75, per cent to $140.73. Its 24-hour trading volume was $3.98 billion.

Avalanche AVAX was trading at $41.63, down by 3.87 per cent. Its 24-hour trading volume was $557.60 million.

Cardano ADA was down by 3.01 per cent to $0.7124 from the previous day. Its 24-hour trading volume was $728.60 million.

Meme Coins

Dogecoin DOGE was down by 5.46 per cent, with a 24-hour price of $0.1678.

Shiba Inu SHIB was down by 9.20 per cent to $0.0000321.

Decentralised Finance

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

Yearn.Finance YFI was down by 2.68 per cent to $9,929.19 in the last 24 hours. Its 24-hour trading volume was $73.24 million