Crypto Market Gains Marginally, Trading Volume Rises 45.18 Per Cent

The global crypto market increased marginally on Monday. The total market cap was up by 0.46 per cent to $2.55 trillion, while the total trading volume was up by 45.16 per cent to $65.89 billion. Notcoin NOT was the most trending cryptocurrency. It was up by 6.06 per cent to $0.02088. Its 24-hour trading volume was $4.63 Billion.while Gala GALA was the top gainer cryptocurrency. It was up by 6.59 per cent. Its 24-hour trading volume was $298.32 million. Synthenix SNX was the top loser. It was down by 7.11 per cent. Its 24-hour trading volume was $50.37 million.

DeFi was down by 0.99 per cent to $7.31 billion, Coinmarketcap.com reported.

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Sathvik Vishwanath, Co-Founder & CEO, Unocoin, said, "Bitcoin exchange balances fell below 2.3 million BTC, the lowest since March 2018, due to large outflows from Binance and Coinbase, indicating long-term holding by large investors. Bitcoin is priced at $67,731 with a bearish outlook if it stays below the $68,000 pivot point. Resistance levels are at $69,000, $70,600 and $71,000, while support levels are at $66,650, $65,950 and $65,150. The RSI is neutral at 46.62 and the 50-day EMA is in line with the pivot. A break above $68,000 could signal a bullish trend; otherwise, the bearish trend may persist."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.29 per cent to $68,605.82. Its 24-hour trading volume was $20.66 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.5 per cent.

Ethereum: Ethereum ETH was up by 0.23 per cent to $3812.56 from the previous day. Its 24-hour trading volume was $11.28 billion. Ethereum’s market dominance was 18.1 per cent.

Tether: Tether USDT was trading at $0.9994. It was up by 0.01 per cent. Its 24-hour trading volume was $53.47 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.77 per cent to $164.71. Its 24-hour trading volume was $1.75 billion.

Avalanche AVAX was trading at $35.39, down by 1.64 per cent. Its 24-hour trading volume was $279.28 million.

Cardano ADA was up by 0.38 per cent to $0.4508 from the previous day. Its 24-hour trading volume was $277.50 million.

Meme Coins

Dogecoin DOGE was up by 0.83 per cent, with a 24-hour price of $0.1607.

Shiba Inu SHIB was down by 0.51 per cent to $0.00002481.

Decentralised Finance

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

Yearn.Finance YFI was down by 0.63 per cent to $6,945.77 in the last 24 hours. Its 24-hour trading volume was $18.02 million.