The global crypto market dips marginally on Wednesday. The total market cap was down by 1.10 per cent to $2.31 trillion, while the total trading volume was down by 14.87 per cent to $71.24 billion.
Bitcoin BTC was the most trending cryptocurrency. It was down by 0.73 per cent to $67,034.90. Its 24-hour trading volume was $29.50 billion. Elsewhere, Celestia TIA was the top gainer. It was up by 3.44 per cent. Its 24-hour trading volume was $110.88 million. ApeCoin APE was the top loser. It was down by 15.47 per cent. Its 24-hour trading volume was $467.65 million.
DeFi was down by 1.09 per cent to $4.73 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin has a strong uptrend in the short, medium and long term, with rising channels indicating increased optimism. There is no resistance in the short term and further growth is expected. An RSI above 70 indicates positive momentum, but a potential pullback is possible. In the medium term, Bitcoin broke through resistance at 67,241, signaling a potential upside to 84,547 despite weak volume correlations. In the long term, the trend remains positive and continued profit is expected. The currency is technically rated as favorable in all time frames, but due to possible resistance at 70,000 points, caution is advised."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.73 per cent to $67,058.99. Its 24-hour trading volume was $29.50 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.6 per cent.
Ethereum: Ethereum ETH was down by 1.18 per cent to $2,613.67 from the previous day. Its 24-hour trading volume was $13.91 billion. Ethereum’s market dominance was 13.4 per cent.
Tether: Tether USDT was trading at $0.9992. It was down by 1.17 per cent. Its 24-hour trading volume was $55.15 billion. It was ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 2.14 per cent to $164.70. Its 24-hour trading volume was $3.30 billion.
Avalanche AVAX was trading at $27.20, down by 3.21 per cent. Its 24-hour trading volume was $276.06 million.
Cardano ADA was down by 0.81 per cent to $0.3627 from the previous day. Its 24-hour trading volume was $279 million.
Meme Coins
Dogecoin DOGE was down by 5.34 per cent, with a 24-hour price of $0.138.
Shiba Inu SHIB was down by 3.02 percent to $0.00001791.
Decentralised Finance
DeFi coin was trading at $0.02277, up by 13.22 per cent.
Yearn.Finance YFI was down by 1.00 per cent to $5,064.33 in the last 24 hours. Its 24-hour trading volume was $16.90 million.
