The global crypto market dips marginally on Wednesday. The total market cap was down by 1.21 per cent to $2.39 trillion even though the total trading volume was also down by 0.46 per cent to $86.32 billion. Bitcoin BTC was the most trending. It was down by 1.07 per cent to $65,927.58. Its 24-hour trading volume was $33.44 billion.
Ethena ENA was the top gainer. It was up by 9.62 per cent. Its 24-hour trading volume was $132.44 million. Core CORE was the top loser. It was down by 6.31 per cent. Its 24-hour trading volume was $91.53 million.
DeFi was down by 0.52 per cent to $4.66 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTC) faced volatility and fell to $66,500 during the highlights. Mt. Gox transferred 42,587 BTC ($2.85 billion), impacting prices, along with US government moves totaling 58.74 BTC ($4 million). Hong Kong has launched Asia's first bitcoin futures inverse ETF, likely increasing selling activity using a short-selling strategy. Meanwhile, the approval of the Ethereum spot ETF may increase its price by 24%, indirectly benefiting Bitcoin. BTC is currently trading at $66,563 and has a neutral RSI of 51, with critical support at $66,662. Resistance levels are at $67,581, $68,507, and $69,253, while support lies at $66,385, $65,830, and $65,120, shaping BTC's short-term outlook."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 1.07 per cent to $65,927.58. Its 24-hour trading volume was 33.44 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.2 per cent.
Ethereum: Ethereum ETH was down by 0.26 per cent to $3,444.42 from the previous day. Its 24-hour trading volume was $23.37 billion. Ethereum’s market dominance was 17.1 per cent.
Tether: Tether USDT was trading at $1.00. It was up by 0.01 per cent. Its 24-hour trading volume was $63.92 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 1.04 per cent to $173.93. Its 24-hour trading volume was $3.03 billion.
Avalanche AVAX was trading at $28.77, down by 7.05 per cent. Its 24-hour trading volume was $451.90 million.
Cardano ADA was down by 2.70 per cent to $0.4089 from the previous day. Its 24-hour trading volume was $336.42 million.
Meme Coins
Dogecoin DOGE was up by 2.29 per cent, with a 24-hour price of $0.1314.
Shiba Inu SHIB was up by 0.96 per cent to $0.00001706.
Decentralised Finance
DeFi coin was trading at $0.03471, down by 2.21 per cent.
Yearn.Finance YFI was up by 0.63 per cent to $5,749.28 in the last 24 hours. Its 24-hour trading volume was $11.74 million.
