The global crypto market declined marginally on Saturday. The total market cap was down by 0.40 per cent to $2.34 trillion, even as the total trading volume was down by 6.68 per cent to $64.76 billion. LayerZero ZRO was the most trending as well as top loser cryptocurrency. It was down by 16.98 per cent to $2.82. Its 24-hour trading volume was $333.40 million. Arweave AR was the top gainer. It was up by 8.89 per cent. Its 24-hour trading volume was $78.39 million.
DeFi was up by 0.77 per cent to $4.88 billion, Coinmarketcap.com reported.
Rajagopal Menon, VP, WazirX said, "Bitcoin remains steady around the $64,500 level. Despite a minor 1.13% dip in the last 24 hours, the cryptocurrency has demonstrated resilience with a modest 3.34% decline over the past week. Investors are closely watching support levels as cautious sentiment prevails in the broader market. Concerns over prolonged higher U.S. borrowing costs have weighed on the cryptocurrency market, particularly impacting Bitcoin, the world's largest digital currency."
He added, "Despite a recent acquisition by MicroStrategy, Bitcoin's price showed minimal reaction, continuing its downward trend and testing critical support levels over the past 14 hours. However, a decline from the latest psychological support level at $65k might have an impact on investor confidence for the token in the near term."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.38 per cent to $64,389.42. Its 24-hour trading volume was $24.22 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.4 per cent.
Ethereum: Ethereum ETH was down by 0.35 per cent to $3,506.01 from the previous day. Its 24-hour trading volume was $15.05 billion. Ethereum’s market dominance was 18.3 per cent.
Tether: Tether USDT was trading at $0.9996. It was up by 0.03 per cent. Its 24-hour trading volume was $49.73 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 2.13 per cent to $135.82. Its 24-hour trading volume was $2.05 billion.
Avalanche AVAX was trading at $24.94, up by 10.45per cent. Its 24-hour trading volume was $385.15 million.
Cardano ADA was down by 3.53 per cent to $0.3752 from the previous day. Its 24-hour trading volume was $268.20 million.
Meme Coins
Dogecoin DOGE was up by 0.21 per cent, with a 24-hour price of $0.1244.
Shiba Inu SHIB was up by 0.01 per cent to $0.00001802.
Decentralised Finance
DeFi coin was trading at $0.04117, down by 3.79 per cent.
Yearn.Finance YFI was down by 1.54 per cent to $5,844.98 in the last 24 hours. Its 24-hour trading volume was $14.41 million.
