The global crypto market Gained marginally on Wednesday. The total market cap was up by 0.18 per cent to $1.98 trillion, while the total trading volume was up by 22.73 per cent to 87.92 billion. Starknet STRK was the most trending cryptocurrency as well as the top loser. It was down by 14.07 per cent to $2.02. Its 24-hour trading volume was $1.56 billion. Siacoin SC was the top gainer, up by 18.82 per cent. Its 24-hour trading volume was $0.01584.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "At $52,000 , Bitcoin is undergoing a minor retracement on 24-hour trading volume of $31 billion, keeping the market cap above $1 trillion. It faces resistance near $52,500 and support around $50,850, with the 50-day EMA at $50,800 serving as significant historical support. The RSI at 43.08 shows neutral momentum, reflecting cautious sentiment. Tracking $50,800 is key; a breach could shift sentiment to bearish and target support near $49,500. Tomorrow's FOMC members' speeches and the release of meeting minutes may create volatility and affect the price of Bitcoin based on market sentiment and monetary policy signals. Traders carefully analyze these events to gain insight into prices."
DeFi was up by 96.30 per cent to $6.75 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.19 per cent to $51,903.44. Its 24-hour trading volume was $32.20 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.5 per cent.
Ethereum: Ethereum ETH was up by 2.41 per cent to $2,994.56 from the previous day. Its 24-hour trading volume was $19.89 billion. Ethereum’s market dominance was 17.7 per cent.
Tether: Tether USDT was trading at $1.00, up by 0.01 per cent. Its 24-hour trading volume was $64.46 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 3.52 per cent to $106.48. Its 24-hour trading volume was $2.58 billion.
Avalanche AVAX was trading at $37.79, down by 3.81 per cent. Its 24-hour trading volume was $621.05.
Cardano ADA was down by 3.16 per cent to $0.6072 from the previous day. Its 24-hour trading volume was $719.81 million.
Meme Coins
Dogecoin DOGE was down by 3.75 per cent, with a 24-hour price of $0.08509.
Shiba Inu SHIB was down by 1.32 per cent to $0.000009671.
Decentralised Finance
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was down by 1.74 per cent to $7,607.62 in the last 24 hours. Its 24-hour trading volume was $20.12 million.
