Crypto Market Rises Marginally, Trading Volume Increases; Bitcoin, Ethereum Up

The global crypto market increases marginally on Monday, The total market cap was up by 3.81 per cent to $2.33 trillion, even as the total trading volume was up by 51.90 per cent to $53.00 billion. Biaoqing BIAO was the most trending, it was down by 13.86 percent to $0.01724. Its 24-hour trading volume was $4.27 million. Ethereum Name Service ENS was the top gainer. It was up by 27.78 per cent. Its 24-hour trading volume was $267.75 million. Kaspa KAS was the top loser. It was down by 2.24 per cent. Its 24-hour trading volume was $274.34 million. 

DeFi was up by 3.22 percent to $3.77 billion, Coinmarketcap.com reported.

Also Read : Spot Ethereum ETF Launch Faces Delay Due To SEC Comments

Mr. Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is currently hovering around $60,000, with David Portnoy eyeing a potential $10 million investment if it falls below $50,000. His move could affect market momentum amid reports of long-term holders selling assets. Bitcoin's immediate resistance is at $61,500, which is key to start a bullish trend towards $62,500 and $64,300. Despite the downtrend of the 50-day EMA at $61,240, Bitcoin's hold above this level and the RSI of 60.11 indicate a balanced market sentiment. Traders should closely monitor support levels at $59,940, $59,270 and $58,580, while considering long positions above $61,200 with robust risk management."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 4.09 percent to $63,323.10. Its 24-hour trading volume was $21.46 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.6 per cent.

Ethereum: Ethereum ETH was up by 3.43 percent to $3,485.11 from the previous day. Its 24-hour trading volume was $10.28 billion. Ethereum’s market dominance was 18.0 per cent.

Tether: Tether USDT was trading at $0.999. It was up by 0.08 per cent. Its 24-hour trading volume was $41.2 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 6.69 per cent to $147.76. Its 24-hour trading volume was $1.67 billion.

Avalanche AVAX was trading at $29.70, up by 5.85 per cent. Its 24-hour trading volume was $292.3 million.

Cardano ADA was up by 3.81 percent to $0.3964 from the previous day. Its 24-hour trading volume was $223.37 million.

Meme Coins

Dogecoin DOGE was up by 4.11 percent, with a 24-hour price of $0.1262.

Shiba Inu SHIB was also up by 3.34 percent to $0.00001734.

Decentralised Finance

DeFi coin was trading at $0.04092, up by 3.80 percent.

Yearn.Finance YFI was down by 1.17 per cent to $6,356.01 in the last 24 hours. Its 24-hour trading volume was $16.97 million.