Cryptocurrency

Crypto Market Dips Marginally Even As Trading Volume Gains; Bitcoin, Ethereum Falls

Bitcoin was up by 0.74 per cent, while Ethereum was up by 0.85 per cent. Fetch.ai FET was the most trending cryptocurrency, while dogwifhat was the top gainer and Ronin RON was the top loser.

Crypto Market Gains Marginally
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The global crypto market declined marginally on Friday. The total market cap was down by 1.21 per cent to $2.62 trillion, while the total trading volume was up by 0.89 per cent to $119.71 billion. Fetch.ai FET was the most trending cryptocurrency. It was up by 1.53 per cent to $3.17. Its 24-hour trading volume was $714.37 million. dogwifhat WIF was the top cryptocurrency. It was gainer up by 21.07 per cent. Its 24-hour trading volume was $976.79 billion. Ronin RON was the top loser, down by 5.56 per cent. Its 24-hour trading volume was $39.63 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin continues its upward trajectory, attacking $70,750 in 24 hours with a 1.75% gain as the crypto market nears the $2 trillion mark. Institutional interest is palpable, BlackRock's BIT Bitcoin ETF amassed 250,000 BTC worth $17.7 billion in just 11 weeks. The Fidelity FBTC ETF also breaks $10 billion in assets. Robert Kiyosaki's bullish forecast predicts Bitcoin to peak at $100,000 by September, citing an upcoming halving event. It promotes the acquisition of Bitcoin alongside physical assets such as silver and gold. Resistance levels for BTC/USD are $71,677, $73,543 and $75,116, with support at $66,802, $64,875 and $63,078. The RSI at the 60 and 50-day EMA at $68,090 confirm strong buying interest and a bullish trend, supporting Bitcoin's positive outlook."

DeFi was down by 0.53 per cent to $12.56 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 0.74 per cent to $70,265.78. Its 24-hour trading volume was $32.61 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 0.85 per cent to $3,563.22 from the previous day. Its 24-hour trading volume was $14.34 billion. Ethereum’s market dominance was 16.4 per cent.

Tether: Tether USDT was trading at $1.00. it was up by 0.06 per cent. Its 24-hour trading volume was $104.50 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 1.44 per cent to $186.09. Its 24-hour trading volume was $2.91 billion.

Avalanche AVAX was trading at $53.87, down by 0.31 per cent. Its 24-hour trading volume was $466.85 billion.

Cardano ADA was down by 0.48 per cent to $0.6471 from the previous day. Its 24-hour trading volume was $442.79 million.

Meme Coins

Dogecoin DOGE was up by 9.37 per cent, with a 24-hour price of $0.2164.

Shiba Inu SHIB was up by 1.64 per cent to $0.00003097.

Decentralised Finance

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

Yearn.Finance YFI was down by 1.62 per cent to $9,030.64 in the last 24 hours. Its 24-hour trading volume was $47.24 million in the last 24 hours