Cryptocurrency

Crypto Market Declined Marginally, Trading Volume Dips

Bitcoin was down by 1.89 per cent, while Ethereum was down by 2.28 per cent. Ethena ENA was the most trending, while Pepe PEPE was the top gainer and Beam BEAM was the top loser.

Crypto Market Declined Marginally
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The global crypto market declined marginally on Wednesday. The total market cap was down by 0.53 per cent to $2.27 trillion, while the total trading volume was down by 7.89 per cent to $121.24 billion. Ethena ENA was the most trending cryptocurrency. It was down by 2.20 per cent to $0.835. Its 24-hour trading volume was $483.64 million. Pepe PEPE was the top gainer. It was up by 21.66 per cent. Its 24-hour trading volume was $ $4.07 billion. Beam BEAM was the top loser. It was down by 6.29 per cent. Its 24-hour trading volume was $33.49 million.

DeFi was down by 1.35 per cent to $5.47 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said that Bitcoin (BTC) surged to $71,957 amid optimism about the Ethereum ETF. "The SEC's move to update records boosted investor confidence. Anticipating the April halving, public bitcoin miners have raised $2 billion in equity funding, bolstering their financial position. Analysts now estimate a 75% chance of Ethereum ETF approval, which will boost market sentiment. Key BTC levels include the pivot at $72,030, with resistance at $73,734, $75,480, and $76,000, and support at $69,219, $68,853, and $65,949. The RSI is approaching overbought levels, while the 50 EMA at $68,853 offers crucial support. The bullish trend is expected to continue if Bitcoin remains above $69,219 with a target to break above $72,030."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.89 per cent to $69,656.36. Its 24-hour trading volume was $40.34 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.8 per cent.

Ethereum: Ethereum ETH was up by 2.28 per cent to $3,737.41 from the previous day. Its 24-hour trading volume was $33.49 billion. Ethereum’s market dominance was 17.4 per cent.

Tether: Tether USDT was trading at $0.9999. It was down by 0.01 per cent. Its 24-hour trading volume was $93.44 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 2.73 per cent to $177.07. Its 24-hour trading volume was $4.06 billion.

Avalanche AVAX was trading at $40.73, up by 1.72 per cent. Its 24-hour trading volume was $646.65 million.

Cardano ADA was down by 2.26 per cent to $0.486 from the previous day. Its 24-hour trading volume was $496.34 million.

Meme Coins

Dogecoin DOGE was up by 3.44 per cent, with a 24-hour price of $0.1675.

Shiba Inu SHIB was up by 1.27 per cent to $0.00002561.

Decentralised Finance

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

Yearn.Finance YFI was up by 0.35 per cent to $7,214.93 in the last 24 hours. Its 24-hour trading volume was $25.86 million.