Crypto Market Gains, Trading Volume Rises 32%; Bitcoin, Ethereum Up

The global crypto market gained on Friday. The total market cap was up by 3.01 per cent to $2.3 trillion, while the total trading volume was up by 32.97 per cent to $86.42 billion. Bitcoin BTC was the most trending cryptocurrency. It was up by 3.03 per cent to $65,328.32. Its 24-hour trading volume was $36.92 billion. Shiba Inu Shib was the top gainer. It was up by 23.43 per cent. Its 24-hour trading volume was $1.37 billion. UNUS SED LEO LEO was the top loser. It was down by 2.23 per cent. Its 24-hour trading volume was $297.28 million.

DeFi was up by 3.38 per cent to $5.06 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is trending upwards in the long term, as investors have consistently bought at higher prices, signaling positive growth. Currently, it is trading within a rectangle pattern, with support at 53,252 and resistance at 67,753. A decisive breakout above or below these levels will define its next direction. Approaching resistance at 71,000 could trigger a negative reaction, but a breakout beyond 71,000 would be a bullish signal. The rising RSI curve supports the positive momentum. Overall, Bitcoin's long-term outlook remains technically neutral until a clear break of support or resistance occurs."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.03 per cent to $65,328.32. Its 24-hour trading volume was $36.92 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.1 per cent.

Ethereum: Ethereum ETH was up by 1.75 per cent to $2,611.43 from the previous day. Its 24-hour trading volume was $16.78 billion. Ethereum’s market dominance was 13.9 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.04 per cent. Its 24-hour trading volume was $67.13 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 4.77 per cent to $156.37. Its 24-hour trading volume was $3.03 billion.

Avalanche AVAX was trading at $29.36, up by 6.55 per cent. Its 24-hour trading volume was $502.41 million.

Cardano ADA was up by 5.88 per cent to $0.4084 from the previous day. Its 24-hour trading volume was $368.32 million.

Meme Coins

Dogecoin DOGE was up by 9.92 per cent, with a 24-hour price of $0.1196.

Shiba Inu SHIB was up by 23.43 per cent to $0.00001911

Decentralised Finance

DeFi coin was trading at $0.0215, up by 5.23 per cent.

Yearn.Finance YFI was up by 2.64 per cent to $5,364.97 in the last 24 hours. Its 24-hour trading volume was $13.85 million.