The global crypto market gained marginally on Monday. The total market cap was up by 0.67 per cent to $1.99 trillion, while the total trading volume was up by 0.08 per cent to 51.2 billion.
COTI COTI was the most trending cryptocurrency. It was down by 2.48 per cent to $0.2209. Its 24-hour trading volume was 338.41 million. Flare FLR was the top gainer, up by 17.78 per cent. Its 24-hour trading volume was $70.84 billion. Celestia TIA was the top loser, down by 4.85 per cent. Its 24-hour trading volume was $87.20 million.
Sathvik Vishwanath, co-founder and CEO, Unocoin said: “Bitcoin’s resilience at $51,600 amid legal wins, such as the recent victory by the Texas Blockchain Council and Riot Platforms against US regulators underscores its stability in the global regulatory flow, particularly in Nigeria. Amid calls for clarity, there is a surge in institutional interest, as seen in Carlson Group’s embrace of Bitcoin exchange-traded funds (ETFs). With pivotal support at $51,000 and resistance at $53,943, $55,214, and $56,497, the market is teetering on balance, indicated by the RSI at 55 and bullish sentiment signalled by the 50-day EMA at $51,079. Thus, a cautiously optimistic outlook remains, contingent on continued support and an evolving regulatory environment.”
DeFi was up by 1.55 per cent to $5.39 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.19 per cent to $51,515.47. Its 24-hour trading volume was $14.43 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 50.7 per cent.
Ethereum: Ethereum ETH was up by 2.70 per cent to $3,099.02 from the previous day. Its 24-hour trading volume was $13.76 billion. Ethereum’s market dominance was 18.7 per cent.
Tether: Tether USDT was trading at $1, up by 0.01 per cent. Its 24-hour trading volume was 36.11 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.06 per cent to $103.24. Its 24-hour trading volume was $929.17 million.
Avalanche AVAX was trading at $37.01, up by 1.08 per cent. Its 24-hour trading volume was $346.12 million.
Cardano ADA was down by 1.59 per cent to $0.5849 from the previous day. Its 24-hour trading volume was $331.90 million.
Meme Coins
Dogecoin DOGE was down by 0.34 per cent, with a 24-hour price of $0.08549.
Shiba Inu SHIB was up by 0.33 per cent to $0.000009634.
Decentralised Finance
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was up by 3.17 per cent to $8,380.52 in the last 24 hours. Its 24-hour trading volume was $26.19 million.
