The global crypto market gained marginally on Wednesday. The total market cap was up by 0.92 per cent to $2.15 trillion, while the total trading volume was down by 13.24 per cent to 94.11 billion.
Bitcoin was up by 10.62 per cent, while Ethereum was up by 0.88 per cent. Pepe PEPE was the most trending cryptocurrency, while Arweave AR was the top gainer and Pyth Network PYTH was the top loser.
The global crypto market gained marginally on Wednesday. The total market cap was up by 0.92 per cent to $2.15 trillion, while the total trading volume was down by 13.24 per cent to 94.11 billion.
Pepe PEPE was the most trending cryptocurrency. It was up by 25.57 per cent to $0.000002631. Its 24-hour trading volume was 1.39 million. Arweave AR was the top gainer, up by 42.55 per cent. Its 24-hour trading volume was $331.79 million. Pyth Network PYTH was the top loser, down by 12.32 per cent. Its 24-hour trading volume was $333.57 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's recent surge to over $1 trillion in market capitalization has sparked discussions about its potential trajectory, with some predicting a climb to $250,000. Technical analysis suggests immediate resistance levels at $57,486, $58,793, and $60,094, with support at $55,003, $54,184, and $53,445. The RSI indicates overbought conditions, signalling a possible correction. Fibonacci retracement analysis suggests a retracement to $55,928 and potentially $54,980. The 50-day EMA at $52,460 provides historical support. While vigilance is advised above $55,922, caution is warranted due to high RSI readings. Additionally, Green Bitcoin introduces Gamified Green Staking, emphasizing sustainability and community engagement through various initiatives, offering a unique investment opportunity in the crypto market."
DeFi was up by 0.93 per cent to $8.14 billion, Coinmarketcap.com reported
Bitcoin: Bitcoin BTC was up by 10.62 per cent to $57,230.64. Its 24-hour trading volume was $39.01 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.1 per cent.
Ethereum: Ethereum ETH was up by 0.88 per cent to $3,261.12 from the previous day. Its 24-hour trading volume was $16.87 billion. Ethereum’s market dominance was 18.2 per cent.
Tether: Tether USDT was trading at $1, up by 0.04 per cent. Its 24-hour trading volume was 68.04 billion. It is ranked third on Coinmarketcap.
Solana SOL was up by 2.24 per cent to $108.71. Its 24-hour trading volume was $2.15 billion.
Avalanche AVAX was trading at $39.24, down by 0.37 per cent. Its 24-hour trading volume was $454.55 million.
Cardano ADA was down by 0.72 per cent to $0.6194 from the previous day. Its 24-hour trading volume was $629.51 million.
Dogecoin DOGE was up by 4.99 per cent, with a 24-hour price of $0.09524.
Shiba Inu SHIB was up by 4.88 per cent to $0.00001074.
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was down by 1.05 per cent to $8,341.00 in the last 24 hours. Its 24-hour trading volume was $36.33 million.