Crypto Market Gains Marginally, But Trading Volume Dips 18.98%

The global crypto market was trading in the green on the first Saturday of November 2023. The total market cap was up by 1.83 per cent to $1.3 trillion even as the total trading volume was down by 18.98 per cent to $37.89 billion.

Memecoin MEME was the most trending cryptocurrency, up by 7.91 per cent to $0.02448. Its 24- hour trading volume was $117.74 million. PancakeSwap CAKE was the top gainer, up by 20.36 per cent to $1.82 in the last 24 hours. Its 24-hour trading volume was $117.74 million. Huobi Token HT was the top loser, down by 3.71 per cent to $2.37. Its 24-hour trading volume was $4.22 million.

DeFi fell 10.82 per cent to $4.1 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin was up by 1.53 per cent to $34,867.58. Its 24-hour trading volume was $14.63 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.36 per cent, down by 0.23 per cent over the last 24 hours.

Ethereum: Ethereum was up by 2.74 per cent to $1,843.38 from the previous day. Its 24-hour trading volume was $6.98 billion.

Tether: Tether was up by 0.04 per cent to $1 in the last 24 hours. Tether’s 24-hour trading volume was $27.47 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana (SOL) was up by 9 per cent to $42.56. Its 24-hour trading volume was $1.73 billion.

Avalanche was trading at $12.14, up by 2.84 per cent. Its 24-hour trading volume was $185.10 million.

Cardano ADA was up by 2.31 per cent to $0.3277 from the previous day. Its 24-hour trading volume was $270.95 million.

Meme Coins

Dogecoin (DOGE) was up by 2.17 per cent, with a 24-hour price of $0.06891.

Shiba Inu was up by 1.72 per cent to $0.000007911.

Decentralised Finance

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

Yearn.Finance was down by 3.56 per cent to $5,626.35 over the last 24 hours, while its 24-hour trading volume was $19.96 million.