The global crypto market declined marginally on Friday. The total market cap was down by 0.69 per cent to $2.35 trillion, even as the total trading volume was up by 21.82 per cent to $69.69 billion. LayerZero ZRO was the most trending as well as top loser cryptocurrency. It was down by 16.41 per cent to $3.41. Its 24-hour trading volume was $587.32 million. Core CORE was the top gainer. It was up by 9.18 per cent. Its 24-hour trading volume was $104.89 million.
DeFi was up by 0.12 per cent to $4.92 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's fall below $65,000 is linked to hedge funds reducing their exposure to Bitcoin to 0.37, the lowest since October 2020. This cautious stance, driven by expected volatility, macroeconomic factors or regulatory concerns, has increased selling pressure. Currently trading at $65,100, Bitcoin faces key resistance at $66,800 and support at $64,150. With RSI 47 indicating neutral momentum and the 50-day EMA at $65,600 in line with descending channel resistance near $65,500, a close below this pivot point suggests a bearish trend."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.99 per cent to $64,574.94. Its 24-hour trading volume was $26.04 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 1.41 per cent to $3,513.35 from the previous day. Its 24-hour trading volume was $15.82 billion. Ethereum’s market dominance was 18.3 per cent.
Tether: Tether USDT was trading at $0.9994. It was down by 0.04 per cent. Its 24-hour trading volume was $53.36 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 0.60 per cent to $132.91. Its 24-hour trading volume was $2.26 billion.
Avalanche AVAX was trading at $27.88, up by 3.69 per cent. Its 24-hour trading volume was $287.87 million.
Cardano ADA was down by 0.02 per cent to $0.3887 from the previous day. Its 24-hour trading volume was $280.07 million.
Meme Coins
Dogecoin DOGE was up by 1.46 per cent, with a 24-hour price of $0.1243.
Shiba Inu SHIB was down by 1.17 per cent to $0.00001807.
Decentralised Finance
DeFi coin was trading at $0.04344, down by 0.60 per cent.
Yearn.Finance YFI was down by 0.97 per cent to $5,938.11 in the last 24 hours. Its 24-hour trading volume was $16.24 million.
