The global crypto market declined marginally on Wednesday. The total market cap was down by 0.81 per cent to $2.5 trillion, while the total trading volume was up by 7.65 per cent to $122.93 billion. Ethena ENA was the most trending cryptocurrency. It was down by 19.45 per cent to $0.8213. Its 24-hour trading volume was $2.73 billion. Core CORE was the top loser cryptocurrency. It was down by 7.97 per cent. Its 24-hour trading volume was $744.27 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said "March marked a monumental milestone for Bitcoin exchange-traded funds (ETFs), with their total monthly volume rising to an impressive $111 billion, triple the figures from previous months. Leading this increase is Blackrock's iShares Bitcoin Trust (IBIT), which surpassed Grayscale Bitcoin Trust (GBTC) in daily trading volume. IBIT's rapid success, with historic inflows exceeding expectations, even caught the attention of Blackrock CEO Larry Fink. Analysts remain optimistic about the future of bitcoin spot ETFs, predicting a potential inflow of $220 billion over the next three years. Despite competition from traditional assets such as gold ETFs, Bitcoin ETFs continue to attract significant investor interest and demonstrate the growing importance of cryptocurrencies in the investment landscape."
DeFi was down by 1.98 per cent to $12.00 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.99 per cent to $66,131.25. Its 24-hour trading volume was $46.41 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.1 per cent.
Ethereum: Ethereum ETH was down by 2.02 per cent to $3,302.39 from the previous day. Its 24-hour trading volume was $20.69 billion. Ethereum’s market dominance was 15.9 per cent.
Tether: Tether USDT was trading at $1.00. it was down by 0.02 per cent. Its 24-hour trading volume was $89.42 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 2.30 per cent to $188.52. Its 24-hour trading volume was $4.55 billion.
Avalanche AVAX was trading at $47.44, down by 1.24 per cent. Its 24-hour trading volume was $700.26 million.
Cardano ADA was down by 1.33 per cent to $0.5861 from the previous day. Its 24-hour trading volume was $624.09 million.
Meme Coins
Dogecoin DOGE was down by 2.42 per cent, with a 24-hour price of $0.1836.
Shiba Inu SHIB was up by 0.91 per cent to $0.00002704.
Decentralised Finance
DeFi coin was trading at $0.04604, same as yesterday.
Yearn.Finance YFI was up by 0.39 per cent to $8,309.68 in the last 24 hours. Its 24-hour trading volume was $68.99 million in the last 24 hours.
