The global crypto market fell marginally on Friday. The total market cap was down by 0.29 per cent to $2.53 trillion, while the total trading volume was down by 27.91 per cent to $113.14 billion. BOOK OF MEME BOME was the most trending cryptocurrency. It was up by 38.20 per cent to $0.01544. Its 24-hour trading volume was $16.98 billion. Ronin RON was the top gainer, up by 14.59 per cent. Its 24-hour trading volume was 86.38 million. Jupiter JUP was the top loser, down by 7.47 per cent. Its 24-hour trading volume was $302.25 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said "Bitcoin climbed above $67,000, up 10% from earlier lows, helped by the accommodative stance of the Federal Reserve, which supported overall market sentiment. Despite recent profit-taking, Bitcoin's rebound underscores continued bullish sentiment. With the expectation of three rate cuts and favorable macroeconomic conditions, Bitcoin could potentially regain its all-time high of $73,000. The closing price on Wednesday will be key to confirm a break above the descending trend channel. Although the recent decline reached 17.5%, which is typical of bull markets, shallow corrections are expected, especially after the introduction of the spot bitcoin ETF. With the prospect of a retest of record highs, Bitcoin remains poised to potentially reach $100,000 in the coming year."
DeFi was up by 1.78 per cent to $10.56 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 1.01 per cent to $66,413.37. Its 24-hour trading volume was $41.10 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.6 per cent.
Ethereum: Ethereum ETH was up by 0.37 per cent to $3,536.08 from the previous day. Its 24-hour trading volume was $20.43 billion. Ethereum’s market dominance was 16.6 per cent.
Tether: Tether USDT was trading at $0.9999. it was down by 0.03 per cent. Its 24-hour trading volume was $81.70 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 5.33 per cent to $180.52. Its 24-hour trading volume was $4.94 billion.
Avalanche AVAX was trading at $55.87, up by 1.08 per cent. Its 24-hour trading volume was $1.08 billion.
Cardano ADA was up by 0.79 per cent to $0.6402 from the previous day. Its 24-hour trading volume was $614.68 million.
Meme Coins
Dogecoin DOGE was up by 5.26 per cent, with a 24-hour price of $0.1579.
Shiba Inu SHIB was up by 3.98 per cent to $0.00002793.
Decentralised Finance
DeFi coin was trading at $0.04604, same as yesterday.
Yearn.Finance YFI was up by 1.69 per cent to $9,096.63 in the last 24 hours. Its 24-hour trading volume was $62.00 million in the last 24 hours.
