Crypto Market Gains Marginally, Trading Volume Dips By 4.14 Per Cent

The global crypto market gained marginally on Wednesday. The total market cap was up by 0.56 per cent to $2.73 trillion, while the total trading volume was down by 4.14 per cent to 158.93 billion. Pepe PEPE was the most trending cryptocurrency. It was up by 3.20 per cent to $0.000008758. Its 24-hour trading volume was 1.43 billion. Near Protocol NEAR was the top gainer, up by 18.28 per cent. Its 24-hour trading volume was $1.35 billion. Bonk BONK was the top loser, down by 6.30 per cent. Its 24-hour trading volume was $377.57 million.

Mr. Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin maintains its grip above $71,000, drawing investor attention for its resilience despite a 1.00% decline in the last 24 hours. Traders and analysts remain optimistic about its trajectory, closely monitoring pivotal levels on the four-hour chart. Resistance barriers loom at $73,824, $76,749, and $79,904, while supports are seen at $67,154, $64,861, and $62,192. The Relative Strength Index (RSI) at 67 suggests a slight overbought condition, yet bullish sentiment prevails. As Bitcoin's upward momentum persists, investors ponder whether it's the right time to enter the market, considering both technical indicators and broader market trends."

DeFi was up by 2.46 per cent to $15.96 billion, Coinmarketcap.com reported.

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Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 0.35 per cent to $72,117.64. Its 24-hour trading volume was $61.00 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.0 per cent.

Ethereum: Ethereum ETH was up by 0.04 per cent to $4,038.76 from the previous day. Its 24-hour trading volume was $26.12 billion. Ethereum’s market dominance was 17.8 per cent.

Tether: Tether USDT was trading at $1.00, up by 0.03 per cent. Its 24-hour trading volume was 113.19 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 0.78 per cent to $151.99. Its 24-hour trading volume was $5.75 billion.

Avalanche AVAX was trading at $54.17, up by 11.53 per cent. Its 24-hour trading volume was $2.49 billion.

Cardano ADA was down by 1.52 per cent to $0.7531 from the previous day. Its 24-hour trading volume was $939.41 million.

Meme Coins

Dogecoin DOGE was down by 1.50 per cent, with a 24-hour price of $0.1722.

Shiba Inu SHIB was down by 1.47 per cent to $0.00003282.

Decentralised Finance

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

Yearn.Finance YFI was down by 2.38 per cent to $10,324.71 in the last 24 hours. Its 24-hour trading volume was $72.94 million. in the last 24 hours.