Crypto Market Falls Marginally, Trading Volume Rises By 41.10 Per Cent

The global crypto market gained marginally on Wednesday. The total market cap was down by 5.72 per cent to $2.37 trillion, while the total trading volume was up by 41.10 per cent to 250.61 billion. Pepe PEPE was the most trending cryptocurrency. It was down by 11.50 per cent to $0.00000663 . Its 24-hour trading volume was 3.04 billion. Starknet STRK was the top gainer, up by 15.50 per cent. Its 24-hour trading volume was $1.67 billion. Floki FLOKI was the top loser, down by 19.47 per cent. Its 24-hour trading volume was $666.45 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "MicroStrategy's robust move to invest an additional $600 million in Bitcoin amplifies discussions on price forecasts, affirming its position as a premier digital asset. Spearheaded by Michael Saylor, the company aims to leverage a convertible senior notes offering to augment its substantial Bitcoin portfolio. Bitcoin's current price at $64,644.26, with a 2.62% dip, underscores its pivotal technical thresholds. The $66,880 pivot point presents a crucial battleground, with $68,700, $71,350, and $74,200 as resistance levels, and $61,562, $58,819, and $56,127 as support. The Relative Strength Index (RSI) around 49 indicates a neutral momentum, potentially signaling a shift towards bearish trends. Close monitoring of these key technical levels is imperative for investors and traders navigating Bitcoin's volatile market."

DeFi was down by 3.60 per cent to $17.81 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 6.43 per cent to $63,574.60. Its 24-hour trading volume was $100.26 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.3 per cent.

Ethereum: Ethereum ETH was down by 4.59 per cent to $3,552.69 from the previous day. Its 24-hour trading volume was $46.46 billion. Ethereum’s market dominance was 17.5 per cent.

Tether: Tether USDT was trading at $1.00, down by 0.09 per cent. Its 24-hour trading volume was 183.73 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 6.41 per cent to $122.84. Its 24-hour trading volume was $8.87 billion.

Avalanche AVAX was trading at $38.93, down by 9.01 per cent. Its 24-hour trading volume was $1.55 million.

Cardano ADA was down by 11.69 per cent to $0.6808 from the previous day. Its 24-hour trading volume was $2.08 billion.

Meme Coins

Dogecoin DOGE was down by 20.94 per cent, with a 24-hour price of $0.1509.

Shiba Inu SHIB was down by 21.46 per cent to $0.00003267

Decentralised Finance

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

Yearn.Finance YFI was down by 5.91 per cent to $9,136.02 in the last 24 hours. Its 24-hour trading volume was $215.94 million.