The global crypto market declines marginally on Wednesday. The total market cap was down by 1.16 per cent to $2.36 trillion even the total trading volume was also down by 21.68 per cent to $63.28 billion. Bitcoin BTC was the most trending. It was up by 0.63 per cent to $66,292.64. Its 24-hour trading volume was $28.25 billion.
XRP XRP was the top gainer. It was up by 7.73 per cent. Its 24-hour trading volume was $2.88 Billion. Akash Network AKT was the top loser. It was down by 6.19 per cent. Its 24-hour trading volume was $12.30 million.
DeFi was up by 8.00 per cent to $3.49 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTC) is currently trading at $65,714, down from over $67,500 after the US government transferred $2 billion worth of bitcoins to new addresses. The move has sparked speculation of political motives, with some fearing it could harm the stability of the bitcoin market, while others see potential benefits. Despite this, Robert Kiyosaki remains optimistic and predicts that Bitcoin could reach $300,000. It also supports Ethereum and Solana. Bitcoin's immediate resistance is at $66,852 and support at $65,000. The RSI indicates oversold conditions and indicates possible further declines if the price falls below $65,900."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.63 per cent to $65,292.64. Its 24-hour trading volume was 28.25 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.8 per cent.
Ethereum: Ethereum ETH was down by 0.23 per cent to $3,301.81 from the previous day. Its 24-hour trading volume was $13.41 billion. Ethereum’s market dominance was 17.1 per cent.
Tether: Tether USDT was trading at $1.00. It was down by 0.01 per cent. Its 24-hour trading volume was $48.33 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 0.32 per cent to $180.92. Its 24-hour trading volume was $2.43 billion.
Avalanche AVAX was trading at $26.11, down by 3.70 per cent. Its 24-hour trading volume was $251.11 million.
Cardano ADA was down by 0.17 per cent to $0.4023 from the previous day. Its 24-hour trading volume was $277.08 million.
Meme Coins
Dogecoin DOGE was down by 3.37 per cent, with a 24-hour price of $0.1247.
Shiba Inu SHIB was down by 2.87 per cent to $0.00001623.
Decentralised Finance
DeFi coin was trading at $0.03443, up by 2.72 per cent.
Yearn.Finance YFI was down by 1.52 per cent to $5,769.52 in the last 24 hours. Its 24-hour trading volume was $12.87 million.
