The global crypto market declines marginally on Friday. The total market cap was down by 0.11 per cent to $2.3 trillion while the total trading volume was up by 6.32 per cent to $82.64 billion. Bitcoin BTC was the most trending. It was down by 0.38 per cent to $64,204.54. Its 24-hour8 trading volume was $38.39 billion.
Popcat (SOL) POPCAT was the top gainer. It was up by 9.61 per cent. Its 24-hour trading volume was $74.13 million. Arweave AR was the top loser. It was down by 9.34 per cent. Its 24-hour trading volume was $87.22 million.
DeFi was down by 0.71 per cent to $4.53 billion, Coinmarketcap.com reported.
Also Read: Bitcoin Plummets, Long Traders Liquidated
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, As of August 1, 2024, Bitcoin (BTC) is trading at $63,895, a decrease of $2,164.77. Short-term analysis suggests that Bitcoin has fallen below the rising trend channel, indicating a potential further decline or stagnation. Medium-term trends show Bitcoin in a rectangular pattern between $54,390 and $69,321, with a potential break below $57,000 or a breakout above $71,000. Long-term trends show that Bitcoin is rising, but recent support at $67,000 has been broken, signaling a possible further decline. Overall, the short- and medium-term outlook is negative, while the long-term outlook remains neutral."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.38 per cent to $64,204.54. Its 24-hour trading volume was 38.39 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.8 per cent.
Ethereum: Etherum ETH was down by 0.12 per cent to $3,155.02 from the previous day. Its 24-hour trading volume was $18.15 billion. Ethereum’s market dominance was 17.1 per cent.
Tether: Tether USDT was trading at $0.999. It was down by 0.04 per cent. Its 24-hour trading volume was $61.98 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 1.04 per cent to $164.53. Its 24-hour trading volume was $4.08 billion.
Avalanche AVAX was trading at $25.27, up by 1.14 per cent. Its 24-hour trading volume was $287.10 million.
Cardano ADA was up by 1.12 per cent to $0.3846 from the previous day. Its 24-hour trading volume was $342.23 million.
Decentralised Finance
DeFi coin was trading at $0.02988, down by 3.18 per cent.
Yearn.Finance YFI was down by 0.66 per cent to $5,525.07 in the last 24 hours. Its 24-hour trading volume was $15.50 million.
