Crypto Market Increases Marginally Along With Trading Volume; Bitcoin, Ethereum up

The global crypto market rises marginally on Tuesday. The total market cap was up by 3.08 per cent to $2.36 trillion, even as the total trading volume was up by 41.69 per cent to $83.2 billion. Bitcoin BTC was the most trending, it was up by 2.68 per cent to $64,388.71. Its 24-hour trading volume was $35.06 billion. Pepe PEPE was the top gainer. It was up by 28.50 per cent. Its 24-hour trading volume was $1.58 billion. Tron TRX was the top loser. It was down by 2.00 per cent. Its 24-hour trading volume was $377.9 million.

DeFi was up by 4.31 per cent to $5.06 billion, Coinmarketcap.com reported.

Rajagopal Menon, Vice President, WazirX stated, "Bitcoin (BTC) has risen 0.05% in the past 24 hours, currently trading at $64,786, with moving averages signalling a 'Buy' sentiment. Several factors are considered bullish for Bitcoin in the coming weeks and months. Federal Reserve Chair Jerome Powell has suggested possible interest rate cuts, and the S&P 500 continues to reach new highs.

Meanwhile, Ethereum has climbed past the $3,500 resistance level and could gain enough momentum to break above $4,000 soon. This bullish outlook is bolstered by increasing trading volume and the commencement of ETF trading sometime later this month. XRP has surged by 18% over the past day, now trading at $0.56321, surpassing the crucial 200 EMA resistance level. The indicators for the token point to a Buy sentiment on the horizon."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 2.68 per cent to$64,388.71. Its 24-hour trading volume was $35.6 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.7 per cent. 

Ethereum: Ethereum ETH was up by 3.87 per cent to $3,442.42 from the previous day. Its 24-hour trading volume was $17.41 billion. Ethereum’s market dominance was 17.6 per cent.

Tether: Tether USDT was trading at $1.00. It was down by 0.02 per cent. Its 24-hour trading volume was $65.32 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 3.63 per cent to $157.12. Its 24-hour trading volume was $2.53 billion.

Avalanche AVAX was trading at $27.44, up by 2.67 per cent. Its 24-hour trading volume was $366.85 million.

Cardano ADA was up by 1.62 per cent to $0.4421 from the previous day. Its 24-hour trading volume was $501.1 million.

Meme Coins

Shiba Inu SHIB was up by 7.77 per cent, with a 24-hour price of $0.00001937. 

Dogecoin DOGE was also up by 4.88 per cent to $0.1238.

Decentralised Finance

DeFi coin was trading at $0.03931, up by 2.47 per cent. 

Yearn.Finance YFI was up by 1.12 per cent to $6,028.48 in the last 24 hours. Its 24-hour trading volume was $15.86 million.