Crypto Market Rises Marginally, Trading Volume Declines 3.79%; Bitcoin, Ethereum Up

The global crypto market increased marginally on Monday. The total market cap was up by 1.85 per cent to $2.38 trillion, while the total trading volume was down by 7.97 per cent to $49.51 billion. Voxies VOXEL was the most trending cryptocurrency. It was down by 2.14 per cent to $0.2385. Its 24-hour trading volume was $4.21 million. Worldcoin WLD was the top gainer. It was up by 14.55 per cent. Its 24-hour trading volume was $467.58 million. Bonk BONK was the top loser. It was down by 1.39 per cent. Its 24-hour trading volume was $216.81 million.

DeFi was up by 2.38 per cent to $5.02 billion, Coinmarketcap.com reported.

Also Read: Grayscale's GBTC Records First Inflows Since Launch, Ending Outflow Trend

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is indeed showing remarkable resilience, with its current price of $64,265 marking a 1.20% increase in the last 24 hours. Technical analysis indicates bullish momentum, supported by breaching the 50-day EMA at $61,999 and a "three white soldiers" candlestick pattern. Key resistance levels at $66,796 and $69,328 are potential targets, with $61,735 serving as crucial support. Despite a descending channel around $63,200, a breakout could drive Bitcoin towards higher resistances. Support levels at $59,550 and $56,625 provide stability on the downside. The RSI at 61 suggests further upside potential without being overbought. Overall, Bitcoin appears strong, particularly if it maintains levels above $64,365."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.36 per cent to $64,253.29. Its 24-hour trading volume was $18.22 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.7 per cent.

Ethereum: Ethereum ETH was up by 2.66 per cent to $3175.59 from the previous day. Its 24-hour trading volume was $8.87 billion. Ethereum’s market dominance was 16.5 per cent.

Tether: Tether USDT was trading at $1.00. It was down by 0.05 per cent. Its 24-hour trading volume was $36.56 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 2.69 per cent to $149.02. Its 24-hour trading volume was $1.35 billion.

Avalanche AVAX was trading at $37.90, up by 2.08 per cent. Its 24-hour trading volume was $296.51 million.

Cardano ADA was up by 1.48 per cent to $0.4632 from the previous day. Its 24-hour trading volume was $228.05 million.

Meme Coins

Dogecoin DOGE was up by 2.28 per cent, with a 24-hour price of $1.64

Shiba Inu SHIB was up by 1.43 per cent to $0.00002489.

Decentralised Finance

DeFi coin was trading at $0.04604, the same as yesterday.

Yearn.Finance YFI was up by 2.59 per cent to $7,060.72 in the last 24 hours. Its 24-hour trading volume was $15.99 million.