Crypto Market Rises Marginally, Trading Volume Gains

The global crypto market increased marginally on Monday. The total market cap was up by 1.89 per cent to $2.26 trillion, while the total trading volume was up by 41.7 per cent to $52.35 billion. Bitcoin BTC was the most trending cryptocurrency. It was up by 3.21 per cent to $62,782.01. Its 24-hour trading volume was $611.69 million. Lido DAO LDO was the top gainer. It was up by 2.30 per cent. Its 24-hour trading volume was 64.88 million. dogwifhat WIF was the top loser. It was down by 10.83 per cent. Its 24-hour trading volume was $585.28 million.

DeFi was down by 1.73 per cent to $6.04 billion, Coinmarketcap.com reported.

Also Read: JP Morgan Reports Holdings In Multiple Spot Bitcoin ETFs

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "The current Bitcoin price stands at $61,154, up 0.60% in 24 hours, with robust trading volume surpassing $13 billion and a market cap nearing $1.2 trillion. Bulls are staunchly defending the $61,000 support level, pivotal for sustaining momentum. Presently at $60,975, resistance levels at $63,400, $65,050, and $67,160 await convincing breaches. Conversely, support lies at $59,075, $56,640, and $54,400. Technical indicators present a mixed picture: RSI at 45 suggests equilibrium, while the 50-day EMA at $61,875 hints at a bearish bias. Sustained closure above this moving average could pose challenges for Bitcoin's upward trajectory."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.21 per cent to $62,782.01. Its 24-hour trading volume was $19.82 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 2.34 per cent to $2,927.46 from the previous day. Its 24-hour trading volume was $8.80 billion. Ethereum’s market dominance was 16.5 per cent.

Tether: Tether USDT was trading at $0.9996. It was up by 0.01 per cent. Its 24-hour trading volume was $34.69 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.53 per cent to 141.82. Its 24-hour trading volume was $1.60 billion.

Avalanche AVAX was trading at $32.93, up by 1.26 per cent. Its 24-hour trading volume was $241.99 million.

Cardano ADA was up by 2.07 per cent to $0.4408 from the previous day. Its 24-hour trading volume was $298.14 million.

Meme Coins

Dogecoin DOGE was down by 3.32 per cent, with a 24-hour price of $0.145.

Shiba Inu SHIB was up by 5.91 per cent to $0.0000237.

Decentralised Finance

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

Yearn.Finance YFI was down by 0.75 per cent to $6,764.46 in the last 24 hours. Its 24-hour trading volume was $13.60 million.