The global crypto market gained marginally on Monday. The total market cap was up by 0.43 per cent to $2.6 trillion, while the total trading volume was up by 2.20 per cent to $61.74 billion.
Bitcoin was up by 0.58 per cent, while Ethereum was up by 1.03 per cent. Ethena ENA was the most trending cryptocurrency, while Nervous Network CKB was the top gainer and Warmhole W was the top loser
The global crypto market gained marginally on Monday. The total market cap was up by 0.43 per cent to $2.6 trillion, while the total trading volume was up by 2.20 per cent to $61.74 billion.
Ethena ENA was the most trending cryptocurrency. It was down by 0.43 per cent to $1.16 billion. Its 24-hour trading volume was $877.01 million. Nervous Network CKB was the top gainer. It was up by 8.06 per cent. Its 24-hour trading volume was $301.93 million. Warmhole W was the top gainer. It was up by 7.61 per cent. Its 24-hour trading volume was $257.07 million.
Sathvik Vishwanath, co-founder and CEO, Unocoin said: “Speculation is swirling as Bitcoin's halving event approaches, with analysts eyeing it at $100,000. This event cuts mining rewards in half, which has historically triggered market movements.”
He added: “A buy the rumour, sell the news scenario is expected. Coinbase's legal win could boost trading in Bitcoin. Ethereum remains a major investment under $1,000 and dominates decentralised finance (DeFi) with recent updates. Genesis' $2.1 billion Bitcoin purchase aims to settle debt and increase reserves. Bitcoin is currently at $69,395 with resistance at $69,927, $71,711 and $73,765 and support at $66,788, with downside at $65,076 and $63,114. The RSI indicates bullish sentiment supported by the 50-day EMA. However, a drop below $68,572 could signal a bearish trend.”
DeFi was up by 9.74 per cent to $7.41 billion, Coinmarketcap.com reported.
Bitcoin: Bitcoin BTC was up by 0.58 per cent to $69,802.01. Its 24-hour trading volume was $31.86 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.1 per cent.
Ethereum: Ethereum ETH was up by 1.03 per cent to $3,431.05 from the previous day. Its 24-hour trading volume was $9.81 billion. Ethereum’s market dominance was 16 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.03 per cent. Its 24-hour trading volume was $106.90 billion. It is ranked third on Coinmarketcap.
Solana SOL was down by 2.12 per cent to $177.00. Its 24-hour trading volume was $1.79 billion.
Avalanche AVAX was trading at $49.06, up by 0.63 per cent. Its 24-hour trading volume was $326.80 million.
Cardano ADA was down by 0.87 per cent to $0.5852 from the previous day. Its 24-hour trading volume was $309.27 million.
Dogecoin DOGE was up by 2.09 per cent, with a 24-hour price of $0.2015.
Shiba Inu SHIB was up by 0.97 per cent to $0.00002839.
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was down by 1.24 per cent to $8,415.57 in the last 24 hours. Its 24-hour trading volume was $21.32 million in the last 24 hours.