Cryptocurrency

Crypto Market Dips Marginally, Trading Volume Rises 31%; Bitcoin Down, Ethereum Up

Bitcoin was down by 1.03 per cent, while Ethereum was up by 0.56 per cent. Hamster Kombat HMSTR was the most trending cryptocurrency, while Sui SUI was the top gainer and JasmyCoin JASMY was the top loser

Crypto Market Dips Marginally, Trading Volume Rises 31%; Bitcoin Down, Ethereum Up
info_icon

The global crypto market declined marginally on Tuesday. The total market cap was down by 0.61 per cent to $2.25 trillion, while the total trading volume was up by 31.96 per cent to $80.23 billion. Hamster Kombat HMSTR was the most trending cryptocurrency. It was down by 6.73 per cent to $0.005473. Its 24-hour trading volume was $184.58 million.

Sui SUI was the top gainer. It was up by 9.87 per cent. Its 24-hour trading volume was $813.24 million. JasmyCoin JASMY was the top loser. It was down by 4.45 per cent. Its 24-hour trading volume was $59.97 million.

DeFi was down by 1.15 per cent to $4.59 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, co-founder and CEO, Unocoin, said: “Most top 100 cryptocurrencies are down today, with Shiba Inu (SHIB) leading the decline at 4.1 per cent, trading at $0.00001873. Dogecoin (DOGE) and Notcoin (NOT) follow with drops of 2.8 per cent and 2.6 per cent, respectively. Conversely, Conflux (CFX) rose 11 per cent, trading at $0.1956, and XRP gained 3.2 per cent, now at $0.64376. Dogecoin fell 2.8 per cent to $0.12295, and Bitcoin (BTC) decreased by 1.4 per cent to $63,630. Ethereum (ETH) remains relatively unchanged at $2,623. Meanwhile, the US saw significant inflows in Ethereum ETFs, totalling $84.5 million for the week, marking a positive shift in sentiment.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.03 per cent to $63,788.01. Its 24-hour trading volume was $35.35 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.1 per cent.

Ethereum: Ethereum ETH was up by 0.56 per cent to $2,643.27 from the previous day. Its 24-hour trading volume was $17.32 billion. Ethereum’s market dominance was 13.9 per cent.

Tether: Tether USDT was trading at $0.9993. It was down by 0.05 per cent. Its 24-hour trading volume was $61.51 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 0.23 per cent to $155.26. Its 24-hour trading volume was $2.15 billion.

Avalanche AVAX was trading at $28.49, up by 0.18 per cent. Its 24-hour trading volume was $374.24 million.

Cardano ADA was down by 1.77 per cent to $0.3823 from the previous day. Its 24-hour trading volume was $259.49 million.

Meme Coins

Dogecoin DOGE was down by 3.52 per cent, with a 24-hour price of $0.1178.

Shiba Inu SHIB was down by 1.63 per cent to $0.00001829.

Decentralised Finance

DeFi coin was trading at $0.02124, up by 0.87 per cent.

Yearn.Finance YFI was down by 0.47 per cent to $5,428.92 in the last 24 hours. Its 24-hour trading volume was $13.09 million.