Crypto Market Surges Marginally, Trading Volume Rises 13.05%

The global crypto market gained marginally on Tuesday. The total market cap was up by 0.87 per cent to $2.37 trillion, while the total trading volume was up by 13.05 per cent to $79.28 billion. Pepe PEPE was the most trending cryptocurrency. It was up by 4.74 per cent to $0.00000724. Its 24-hour trading volume was $699.36 million. Warmhole W was the top gainer. It was up by 14.14 per cent. Its 24-hour trading volume was $271.46 million. Pendle PENDLE was the top loser. It was down by 14.36 per cent. Its 24-hour trading volume was $211.43 million.

DeFi was up by 1.73 per cent to $5.61 billion, Coinmarketcap.com reported.

Also Read: Lido Finance Achieves 1 Million Validators, Fueling DeFi Expansion

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.18 per cent to $63,137.30. Its 24-hour trading volume was $25.27 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.4 per cent.

Ethereum: Ethereum ETH was down by 0.90 per cent to $3,156.94 from the previous day. Its 24-hour trading volume was $12.78 billion. Ethereum’s market dominance was 16.3 per cent.

Tether: Tether USDT was trading at $0.9998. It was down by 0.00 per cent. Its 24-hour trading volume was $46.82 billion. It is ranked third on Coinmarketcap.

Rajagopal Menon, VP, WazirX said, "Bitcoin recently experienced significant fluctuations, dropping to $61,500 before bouncing back to $64,000, highlighting its volatility, which also affects other cryptocurrencies."

He mentioned, "Ripple's XRP may benefit from a notable partnership announcement, yet cautious market sentiment persists amid impending economic events. Ripple is currently trading at $0.5142, showing a 1.30% increase in the last 24 hours."

He further added, "Dogecoin (DOGE) has recovered from a downturn and is trading at $0.1437. This revival has sparked bullish sentiments, driving increased buying activity. Analysts foresee a surge to $1 by year-end, positioning Dogecoin as an appealing investment amid emerging alternatives like Wormhole, Starknet, and Pixels."

Other Altcoins

Solana SOL was down by 0.04 per cent to $136.00. Its 24-hour trading volume was $2.53 billion.

Avalanche AVAX was trading at $34.84, up by 5.01 per cent. Its 24-hour trading volume was $451.18 million.

Cardano ADA was up by 0.75 per cent to $0.4538 from the previous day. Its 24-hour trading volume was $278.64 million.

Meme Coins

Dogecoin DOGE was up by 0.79 per cent, with a 24-hour price of $0.1426.

Shiba Inu SHIB was up by 2.13 per cent to $0.00002398.

Decentralised Finance

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

Yearn.Finance YFI was up by 1.50 per cent to $6,854.95 in the last 24 hours. Its 24-hour trading volume was $13.96 million.