Crypto Market Gains Marginally, Trading Volume Dips By 11.45 Per Cent

The global crypto market gained marginally on Monday. The total market cap was up by 3.31 per cent to $2.6 trillion, while the total trading volume was down by 11.45 per cent to 127.93 billion. BOOK OF MEME BOME was the most trending cryptocurrency. It was down by 11.26 per cent to $0.01853. Its 24-hour trading volume was 2.17 billion. dogwifhat WIF was the top gainer, up by 25.50 per cent. Its 24-hour trading volume was $843.48 million. 0x Protocol ZRX was the top loser, down by 4.56 per cent. Its 24-hour trading volume was $205.75 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "The price of bitcoin saw volatile swings, causing losses for traders as US spot buyers of bitcoin ETFs clashed with profit-taking sellers. BTC opened above $71,000 and fell sharply to $65,500 during Asian trading, but bounced back to $70,500 and settled near $68,000 in US hours. The day marked significant losses for bull positions, with $200 million in leveraged futures wiped out. Despite the 7.5% decline, confidence remains high due to massive inflows into spot bitcoin ETFs. Historical patterns suggest a potential retest of $50,000, but the buy-the-dip mentality of institutional investors may limit declines to 10-15%, with $60,000 serving as a possible near-term price floor. ETFs have likely influenced market dynamics, influencing investor behavior and price stability."

DeFi was up by 2.00 per cent to $11.36 billion, Coinmarketcap.com reported.

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Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 2.89 per cent to $68,324.78. Its 24-hour trading volume was $44.44 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.7 per cent.

Ethereum: Ethereum ETH was up by 1.51 per cent to $3,616.06 from the previous day. Its 24-hour trading volume was $19.93 billion. Ethereum’s market dominance was 17.0 per cent.

Tether: Tether USDT was trading at $0.9994, down by 0.01 per cent. Its 24-hour trading volume was 90.31 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 9.55 per cent to $202.45. Its 24-hour trading volume was $10.71 billion.

Avalanche AVAX was trading at $61.08, up by 15.42 per cent. Its 24-hour trading volume was $1.91 billion.

Cardano ADA was up by 0.79 per cent to $0.6742 from the previous day. Its 24-hour trading volume was $770.84 million.

Meme Coins

Dogecoin DOGE was up by 4.02 per cent, with a 24-hour price of $0.1514.

Shiba Inu SHIB was down by 10.83 per cent to $0.00002872.

Decentralised Finance

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

Yearn.Finance YFI was up by 3.15 per cent to $9,304.28 in the last 24 hours. Its 24-hour trading volume was $62.17 million. in the last 24 hours.