The global crypto market increased marginally on Monday. The total market cap was up by 0.03 per cent to $2.54 trillion, even as the total trading volume was down by 6.95 per cent to $49.18 billion.
Notcoin NOT was the most trending cryptocurrency for consecutive three days. It was up by 10.45 per cent to $0.01939. Its 24-hour trading volume was $823.95 million. Mantra OM was the top gainer. It was up by 16.78 per cent. Its 24-hour trading volume was $160.38 million. Fetch.ai FET was the top loser. It was down by 4.74 per cent. Its 24-hour trading volume was $118.89 million.
DeFi was up by 0.21 per cent to $4.42 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin, currently trading at $69,300 with a modest gain of less than 0.10%, is facing uncertainty in the market following a tweet from millionaire trader Zoran Kole (@Captain_Kole1). Kole mentioned "$44,444" and apologized, hinting at a possible sharp drop in the price of Bitcoin. This prediction prompted traders to take a closer look at Bitcoin's support and resistance levels. A key support level is at $68,700, indicating a potential bullish reversal if sustained. Resistance levels are at $69,600, $69,750 and $70,650, with the 50-day EMA at $69,600 being crucial to confirm the bullish trend. Given these conditions, traders are advised to sell below $69,700 and consider buying above $68,700 based on price movements."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.30 per cent to $69,538.22. Its 24-hour trading volume was $14.49 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 49.06 per cent.
Ethereum: Ethereum ETH was down by 3.59 per cent to $3,676.21 from the previous day. Its 24-hour trading volume was $7.99 billion. Ethereum’s market dominance was 17.4 per cent.
Tether: Tether USDT was trading at $0.9997. It was down by 0.03 per cent. Its 24-hour trading volume was $38.89 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.32 per cent to $159.68. Its 24-hour trading volume was $1.36 billion.
Avalanche AVAX was trading at $32.70, up by 0.84 per cent. Its 24-hour trading volume was $237.05 million.
Cardano ADA was up by 1.29 per cent to $0.4409 from the previous day. Its 24-hour trading volume was $337.31 million.
Meme Coins
Dogecoin DOGE was down by 0.64 per cent, with a 24-hour price of $0.1454.
Shiba Inu SHIB was down by 0.02 per cent to $0.00002319.
Decentralised Finance
DeFi coin was trading at $0.06895, down by 1.77 per cent.
Yearn.Finance YFI was up by 0.97 per cent to $6,458.72 in the last 24 hours. Its 24-hour trading volume was $14.28 million.
