Crypto Market Gains Marginally, Trading Volume Surges 21 Per cent

The global crypto market increases marginally on Thursday. The total market cap was up by 2.27 per cent to $2.52 trillion, while the total trading volume was up by 21.03 per cent to $185.65 billion.

Bitcoin BTC was the most trending cryptocurrency. It was down by 0.17 per cent to $74,792.83. Its 24-hour trading volume was $90.72 billion. Lido DAO LDO was the top gainer. It was up by 30.23 per cent. Its 24-hour trading volume was $321.07 million. Dogecoin DOGE was the top loser. It was down by 6.20 per cent. Its 24-hour trading volume was $8.11 million.

DeFi was down by 1.13 per cent to $3.70 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "The cryptocurrency market has seen a surge, with Bitcoin hitting an all-time high, thanks partly to the so-called "Donald Trump effect" as political and economic factors boost investor sentiment. Bitcoin broke through significant resistance levels, including the 67241 and 70000 marks, signaling strong upside momentum. A further rise to 84547 or higher is now forecast. Despite low volume at price tops and high volume at bottoms, which could weaken the breakout, the technical outlook for Bitcoin and cryptocurrencies in general remains positive in the medium to long term. This trend indicates continued growth in the digital asset space."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.17 per cent to $74,792.83. Its 24-hour trading volume was $90.72 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 57.5 per cent.

Ethereum: Ethereum ETH was up by 9.45 per cent to $2,839.96 from the previous day. Its 24-hour trading volume was $39.69 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $1.00. It was up by 0.03 per cent. Its 24-hour trading volume was $145.32 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 2.00 per cent to $188.85. Its 24-hour trading volume was $7.03 billion.

Avalanche AVAX was trading at $27.18, up by 3.84 per cent. Its 24-hour trading volume was $530.24 million.

Cardano ADA was down by 3.32 per cent to $0.3709 from the previous day. Its 24-hour trading volume was $538.26 million.

Meme Coins

Dogecoin DOGE was down by 6.20 per cent, with a 24-hour price of $0.1939.

Shiba Inu SHIB was down by 1.90 per cent to $0.00001878.

Decentralised Finance

DeFi coin was trading at $0.01974, up by 7.57 per cent.

Yearn.Finance YFI was up 6.32 per cent to $5,125.23 in the last 24 hours. Its 24-hour trading volume was $38.80 million.