The global crypto market gained marginally on Friday. The total market cap was up by 2.24 per cent to $1.74 trillion, while the total trading volume was up by 8.89 per cent to $59.22 billion. Dymension DYM was the most trending as well as top gainer cryptocurrency. It was up by 29.87 per cent to $7.83 Its 24-hour trading volume was $622.86 million. Jupiter JUP was the top loser, down by 8.21 per cent. Its 24-hour trading volume was $0.5036.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's rise to 10th place by asset value marks a milestone for digital currencies. With a price of $45,500, up 5% and a trading volume of $25.43 billion, Bitcoin demonstrates its growing dominance in finance and boasts a market capitalization of $879.37 billion. ARK Invest's Cathie Wood believes bitcoin could outperform gold, citing its resilience during economic turbulence. Despite the swings, Wood remains bullish, especially with spot bitcoin ETFs attracting institutional investment. Bitcoin price analysis suggests bullish momentum, breaking through resistance levels at $44,363, with further hurdles at $45,587, $46,315 and $47,276. Support levels at $43,635, $42,528 and $41,639 offer stability. A breach of the symmetrical triangle pattern suggests that Bitcoin could extend gains up to $45,587. Overall, Bitcoin's technical outlook remains bullish, supported by positive indicators and resistance above $44,000."
DeFi was up by 2.59 per cent to $4.56 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 3.38 per cent to $46,070.13. Its 24-hour trading volume was $27.08 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.8 per cent.
Ethereum: Ethereum ETH was up by 0.82 per cent to $2,445.50 from the previous day. Its 24-hour trading volume was $10.36 billion. Ethereum’s market dominance was 16.9 per cent.
Tether: Tether USDT was trading at $0.9998, down by 0.02 per cent. Its 24-hour trading volume was $42.15 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 2.83 per cent to $104.57 Its 24-hour trading volume was $2.33 billion.
Avalanche AVAX was trading at $35.87, up by 1.80 per cent. Its 24-hour trading volume was $457.09 million.
Cardano ADA was up by 5.51 per cent to $0.5357 from the previous day. Its 24-hour trading volume was $682.31 million.
Meme Coins
Dogecoin DOGE was up by 0.69 per cent, with a 24-hour price of $0.000009316.
Shiba Inu SHIB was up by 2.04 per cent to $0.000009316.
Decentralised Finance
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was up by 0.73 per cent to $7,317.14 in the last 24 hours. Its 24-hour trading volume was $13.81 million
