Crypto Market Dips, Trading Volume Gains 42%; Bitcoin, Ethereum Down

The global crypto market declines on Wednesday. The total market cap was down by 4.22 per cent to $2.161 trillion, while the total trading volume was up by 42.40 per cent to $115.14 billion. Hamster Kombat HMSTR was the most trending cryptocurrency. It was down by 12.94 per cent to $0.004719. Its 24-hour trading volume was $303.79 million.

FTX Token FTT was the top gainer. It was up by 18.61 per cent. Its 24-hour trading volume was $192.17 million. Starknet STRK was the top loser. It was down by 15.24 per cent. Its 24-hour trading volume was $110.71 million.

DeFi was down by 5.22 per cent to $6.25 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 3.47 per cent to $61,546.88. Its 24-hour trading volume was $50.17 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 down by 5.65 per cent to $2,490.04 from the previous day. Its 24-hour trading volume was $24.96 billion. Ethereum’s market dominance was 13.9 per cent.

Tether: Tether USDT was trading at $0.9998. It was up by 0.02 per cent. Its 24-hour trading volume was $87.52 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 5.70 per cent to $146.64. Its 24-hour trading volume was $3.71 billion.

Avalanche AVAX was trading at $26.28, down by 7.61 per cent. Its 24-hour trading volume was $598.74 million.

Cardano ADA was down by 6.20 per cent to $0.358 from the previous day. Its 24-hour trading volume was $461.39 million.

Meme Coins

Dogecoin DOGE was down by 8.64 per cent, with a 24-hour price of $0.1078.

Shiba Inu SHIB was down by 8.93 per cent to $0.00001667.

Decentralised Finance

DeFi coin was trading at $0.02032, down by 4.26 per cent.

Yearn.Finance YFI was down by 7.15 per cent to $5,031.33 in the last 24 hours. Its 24-hour trading volume was $15.95 million.