Cryptocurrency

Crypto Market Dips Marginally, Trading Volume Declines; Bitcoin Down, Ethereum Up

Bitcoin was down by 1.20 per cent, while Ethereum was up by 1.06 per cent. Notcoin NOT was the most trending, while JasmyCoin JASMY was the top gainer and Ordi ORDI was the top loser.

Crypto Market Dips Marginally
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The global crypto market declined marginally on Saturday. The total market cap was down by 0.35 per cent to $2.53 trillion, while the total trading volume was down by 0.68 per cent to $73.7 billion. Notcoin NOT was the most trending cryptocurrency. It was up by 6.88 per cent to $0.01247. Its 24-hour trading volume was $564.13 million. JasmyCoin JASMY was the top gainer. It was up by 15.69 per cent. Its 24-hour trading volume was $453.31 million. Ordi ORDI was the top loser. It was down by 9.05 per cent. Its 24-hour trading volume was $302.90 million.

DeFi was down by 0.41 per cent to $5.95 billion, Coinmarketcap.com reported.

Rajagopal Menon, VP, WazirX, said, "At the time of writing, Bitcoin is trading at $67,664, down 1.36% in the past 24 hours. BTC's market cap has dropped to $1.333 trillion, with a 24-hour trading volume decline of 6.71% to $26.8 billion, reflecting reduced trader interest. Bitcoin remains in a consolidation phase between $66k and $70k."

He further mentioned, "On the daily chart, Bitcoin struggles to close above the $69k resistance, needing to break this level to continue its uptrend. The next resistance points are $72k and $73.7k. Key support levels are the EMA21 at $67,241 and EMA55 at $65,528."

He added, "Bitcoin reached an all-time high of $73,000 in early March. This rise saw long-term holders sell-off, causing an oversupply and price correction. Recent Bitcoin ETF inflows, averaging $242 million daily, suggest renewed buyer interest despite ongoing miner selling pressure of $32 million daily."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.20 per cent to $67,616.67. Its 24-hour trading volume was $26.31 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.7 per cent.

Ethereum: Ethereum ETH was up by 0.97 per cent to $3,768.11 from the previous day. Its 24-hour trading volume was $15.10 billion. Ethereum’s market dominance was 18.0 per cent.

Tether: Tether USDT was trading at $0.9992. It was down by 0.06 per cent. Its 24-hour trading volume was $56.85 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.39 per cent to $166.95. Its 24-hour trading volume was $2.30 billion.

Avalanche AVAX was trading at $35.93, down by 0.26 per cent. Its 24-hour trading volume was $278.42 million.

Cardano ADA was up by 0.19 per cent to $0.4484 from the previous day. Its 24-hour trading volume was $267.51 million.

Meme Coins

Dogecoin DOGE was up by 0.05 per cent, with a 24-hour price of $0.1592.

Shiba Inu SHIB was down by 1.95 per cent to $0.00002523

Decentralised Finance

DeFi coin was trading at $0.05698, down by 11.51 percent.

Yearn.Finance YFI was down by 1.17 per cent to $6,920.44 in the last 24 hours. Its 24-hour trading volume was $14.24 million.