The global crypto market declined marginally on Saturday. The total market cap was down by 3.39 per cent to $2.55 trillion, even as the total trading volume was up by 40.42 per cent to $105.24 billion.
Notcoin NOT was the most trending cryptocurrency. It was down by 7.12 per cent to $0.0195. Its 24-hour trading volume was $1.40 billion. Filecoin FILE was the top gainer. It was up by 5.59 per cent. Its 24-hour trading volume was $840.89 million. dogwifhat WIF was the top loser. It was down by 13.51 per cent. Its 24-hour trading volume was $857.39 million.
DeFi was up by 4.59 per cent to $8.16 billion, Coinmarketcap.com reported.
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Rajagopal Menon, vice president, WazirX said: “The market value of cryptocurrencies increased by $10 billion today to reach $2.795 trillion, driven by surges in both Bitcoin and Ethereum. The US 10-year Treasury yields trading near two-month lows have boosted non-yielding assets. Weak US economic data throughout the week has strengthened expectations of multiple US Federal Reserve rate cuts in 2024. Solana is experiencing a steady, gradual recovery, with its uptrend supported by the 50-day and 200-day moving averages, indicating potential strength in the market.”
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 2.79 per cent to $69,217.22. Its 24-hour trading volume was $35.25 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 down by 3.59 per cent to $3,676.21 from the previous day. Its 24-hour trading volume was $18.09 billion. Ethereum’s market dominance was 17.4 per cent.
Tether: Tether USDT was trading at $0.9995. It was down by 0.02 per cent. Its 24-hour trading volume was $82.42 billion. It is ranked third on Coinmarketcap.
Meme Coins
Dogecoin DOGE was down by 8.50 per cent, with a 24-hour price of $0.1479.
Shiba Inu SHIB was down by 5.17 per cent to $0.00002406.
Decentralised Finance
DeFi coin was trading at $0.06726, down by 12.94 per cent.
Yearn.Finance YFI was down by 5.59 per cent to $6,617.48 in the last 24 hours. Its 24-hour trading volume was $37.37 million.
