Crypto Market Gains Marginally, Trading Volume Rises; Bitcoin, Ethereum Up

The global crypto market Gains marginally on Friday. The total market cap was up by 1.74 per cent to $2.28 trillion, even as the total trading volume was up by 8.61 per cent to $61.36 billion. TARS AI TAI was the most trending. It was up by 32.39 per cent to $0.2007. Its 24-hour trading volume was $1.37 million. Akash Network AKT was the top gainer. It was up by 17.85 per cent. Its 24-hour trading volume was $81.95 million. Fetch.ai FET was the top loser. It was down by 10.22 per cent. Its 24-hour trading volume was $281.48 million.

DeFi was up by 2.31 per cent to $4.57 billion, Coinmarketcap.com reported.

Also Read: Marathon Digital Mines $16M In Kaspa To Diversify From Bitcoin

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin has surpassed $61,500 as more than one million addresses now hold at least one whole bitcoin, marking a significant milestone. The increase reflects growing confidence in bitcoin's long-term investment appeal amid market volatility. The rise of "wholecoiners" highlights the growing confidence in Bitcoin as a stable asset and store of value. With only 21 million Bitcoins ever in existence, owning them has become increasingly valuable, highlighting Bitcoin's scarcity and intrinsic value. Bitcoin is currently trading at $61,585 with a market cap of $1.21 trillion, facing resistance at $62,700, but showing potential for further gains, supported by technical indicators and market sentiment."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.46 per cent to $61,518.22. Its 24-hour trading volume was $22.20 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.4per cent.

Ethereum: Ethereum ETH was up by 2.37 per cent to $3,447.28 from the previous day. Its 24-hour trading volume was $12.20 billion. Ethereum’s market dominance was 17.9 per cent.

Tether: Tether USDT was trading at $0.9998. It was down by 0.05 per cent. Its 24-hour trading volume was $46.64 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 6.43 per cent to $144.33. Its 24-hour trading volume was $3.11 billion.

Avalanche AVAX was trading at $28.08, up by 10.04 per cent. Its 24-hour trading volume was $358.27 million.

Cardano ADA was up by 2.34 per cent to $0.3879 from the previous day. Its 24-hour trading volume was $264.04 million.

Meme Coins

Dogecoin DOGE was up by 3.75 per cent, with a 24-hour price of $0.1254.

Shiba Inu SHIB was up by 2.08 per cent to $0.00001731.

Decentralised Finance

DeFi coin was trading at $0.04229, up by 1.62 per cent.

Yearn.Finance YFI was up by 9.42 per cent to $6,404.88 in the last 24 hours. Its 24-hour trading volume was $22.05 million.