Crypto Market Gains Marginally, Trading Volume Surges 20%; Bitcoin Up, Ethereum Down

The global crypto market gained marginally on Wednesday. The total market cap was up by 0.62 per cent to $2.3 trillion, while the total trading volume was up by 20.05 per cent to $107.5 billion.

AI Companions AIC was the most trending cryptocurrency. It was up by 1.98 per cent to $0.08199. Its 24-hour trading volume was $10.50 million. Elsewhere, Litecoin LTC was the top gainer. It was up by 5.49 per cent. Its 24-hour trading volume was $855.12 million. Worldcoin WLD was the top loser. It was down by 13.24 per cent. Its 24-hour trading volume was $560.34 million.

DeFi was down by 0.55 per cent to $5.87 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "US Bitcoin Spot ETFs saw $555.90 million in inflows on Monday, the highest since June 4, indicating rising institutional demand. Ki Young Ju, CEO of CryptoQuant, suggests this uptick points to a bullish outlook for Bitcoin. Following a 5% rally, Bitcoin (BTC) is trading above $67,000, buoyed by robust demand and a report from QCP highlighting growing optimism. If such inflows continue, they could signal increasing institutional interest, potentially driving Bitcoin's price higher in the coming days. Monitoring ETF flows can provide insights into investor sentiment towards Bitcoin."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.93 per cent to $66,956.58. Its 24-hour trading volume was $49.12 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.6 per cent.

Ethereum: Ethereum ETH was down by 0.38 per cent to $2,604.82 from the previous day. Its 24-hour trading volume was $22.07 billion. Ethereum’s market dominance was 13.4 per cent.

Tether: Tether USDT was trading at $0.9999. It was up by 0.05 per cent. Its 24-hour trading volume was $83.57 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.14 per cent to $153.31. Its 24-hour trading volume was $3.40 billion.

Avalanche AVAX was trading at $27.31, down by 5.09 per cent. Its 24-hour trading volume was $551.81 million.

Cardano ADA was down by 2.16 per cent to $0.3518 from the previous day. Its 24-hour trading volume was $404.62 million.

Meme Coins

Dogecoin DOGE was up by 2.33 per cent, with a 24-hour price of $0.1188.

Shiba Inu SHIB was down by 1.93 per cent to $0.00001798.

Decentralised Finance

DeFi coin was trading at $0.02041, up by 4.20 per cent.

Yearn.Finance YFI was down by 0.87 per cent to $5,015.43 in the last 24 hours. Its 24-hour trading volume was $23.02 million.