The global crypto market gained marginally on Thursday. The total market cap was up by 0.12 per cent to $2.63 trillion, while the total trading volume was down by 11.50 per cent to $79.79 billion. Notcoin NOT was the most trending cryptocurrency. It was down by 3.95 per cent to $0.02169. Its 24-hour trading volume was $1.72 billion. Mantle MNT was the top gainer. It was up by 7.29 per cent. Its 24-hour trading volume was $119.81 million. Core CORE was the top loser. It was down by 7.21 per cent. Its 24-hour trading volume was $76.91 million.
DeFi was up by 4 per cent to $5.89 billion, Coinmarketcap.com reported.
Rajagopal Menon, vice-president, WazirX said: “Bitcoin surged past the $71,000 mark, indicating potential for further growth amidst robust trading volumes. This rally signifies renewed interest and optimism, supported by several key technical indicators.”
He added: “A weaker dollar this week has provided a boost to crypto markets. Cryptocurrency has broken out of its recent $60,000-70,000 trading range, and is now just $3,000 shy of a new record high. The recent months saw Bitcoin’s price constrained by profit-taking, high interest rates, and tempered enthusiasm over Bitcoin exchange-traded funds (ETFs). However, the prospect of lower interest rates this year appears to be reigniting interest in the cryptocurrency market.”
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.14 per cent to $70,980.69. Its 24-hour trading volume was $28.81 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.1 per cent.
Ethereum: Ethereum ETH was up by 1.38 per cent to $3,850.39 from the previous day. Its 24-hour trading volume was $14.28 billion. Ethereum’s market dominance was 17.3 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.01 per cent. Its 24-hour trading volume was $61.66 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.80 per cent to $172.33. Its 24-hour trading volume was $1.98 billion.
Avalanche AVAX was trading at $36.20, down by 0.26 per cent. Its 24-hour trading volume was $298.32 million.
Cardano ADA was down by 0.81 per cent to $0.4586 from the previous day. Its 24-hour trading volume was $275.18 million.
Meme Coins
Dogecoin DOGE was down by 0.40 per cent, with a 24-hour price of $0.1619.
Shiba Inu SHIB was down by 0.15 per cent to $0.00002566.
Decentralised Finance
DeFi coin was trading at $0.06021, up by 4.46 per cent.
Yearn.Finance YFI was down by 0.05 per cent to $7,092.15 in the last 24 hours. Its 24-hour trading volume was $19.39 million.
