The global crypto market declined marginally on Monday. The total market cap was down by 1.15 per cent to $2.63 trillion, while the total trading volume was up by 19.18 per cent to $77.47 billion. dogwifhat WIF was the most trending cryptocurrency. It was down by 0.65 per cent to $4.35. Its 24-hour trading volume was $434.91 million. Core CORE was the top gainer cryptocurrency. It was up by 63.77 per cent. Its 24-hour trading volume was $415.58 million. Conflux CFX was the top loser, down by 12.11 per cent. Its 24-hour trading volume was $140.13 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's daily trading volume reached $16 billion, prompting caution despite a modest rise to $70,098. The rise of spot bitcoin ETFs, which have raised $30 billion in three months, reflects the growing acceptance of cryptocurrencies on Wall Street. Regulatory challenges remain but suggest greater institutional acceptance. Economist Peter Schiff warns of a looming financial crisis, citing inflationary pressures as the reason and advocating a reassessment of policy. Author Robert Kiyosaki advises ditching the US dollar for bitcoin, gold and silver amid economic uncertainty and predicts a bitcoin rally. Bitcoin's current price of $70,050 with resistance at $71,600 suggests a cautiously optimistic market sentiment. Holding support above $68,770 is vital to maintaining bullish momentum."
DeFi was down by 0.53 per cent to $12.56 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.89 per cent to $69,608.42. Its 24-hour trading volume was $23.53 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.0 per cent.
Ethereum: Ethereum ETH was down by 1.80 per cent to $3,545.51 from the previous day. Its 24-hour trading volume was $11.31 billion. Ethereum’s market dominance was 16.2 per cent.
Tether: Tether USDT was trading at $1.00. it was up by 0.02 per cent. Its 24-hour trading volume was $54.51 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.93 per cent to $197.54. Its 24-hour trading volume was $2.96 billion.
Avalanche AVAX was trading at $52.13, up by 3.41 per cent. Its 24-hour trading volume was $525.95 million.
Cardano ADA was down by 3.49 per cent to $0.629 from the previous day. Its 24-hour trading volume was $432.15 million.
Meme Coins
Dogecoin DOGE was up by 0.74 per cent, with a 24-hour price of $0.2077.
Shiba Inu SHIB was down by 5.00 per cent to $0.00002893.
Decentralised Finance
DeFi coin was trading at $0.04604, same as yesterday.
Yearn.Finance YFI was up by 0.34 per cent to $9,025.14 in the last 24 hours. Its 24-hour trading volume was $39.89 million in the last 24 hours.
