The global crypto market rises marginally on Wednesday. The total market cap was up by 3.19 per cent to $2.41 trillion even the total trading volume was up by 11.26 per cent to $95.42 billion. Bitcoin BTC was the most trending. It was up by 3.34 per cent to $65,797.47. Its 24-hour trading volume was $41.13 million.
Worldcoin WLD was the top gainer. It was up by 31.41 per cent. Its 24-hour trading volume was $751.36 million. Aave AAVE was the top loser. It was down by 1.73 per cent. Its 24-hour trading volume was $148.23 million.
DeFi was up by 1.21 per cent to $5.34 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Larry Fink, CEO of BlackRock, has redefined Bitcoin as "digital gold" and a "legitimate financial instrument," signaling the cryptocurrency's mainstream acceptance. The move followed BlackRock's launch of the iShares Bitcoin Trust (IBIT), which quickly became the largest Bitcoin ETF with over $18 billion in assets. As a result, the price of Bitcoin climbed above $60,000, driven by increased institutional investment. Bitcoin is currently trading at $63,512 and is showing strong buying interest with potential targets at $66,750 and $68,263. Supported by technical indicators, the outlook for Bitcoin remains bullish, with a key support level at $62,466."
Other Altcoins
Solana SOL was up by 3.89 per cent to $162.22. Its 24-hour trading volume was $2.86 billion.
Avalanche AVAX was trading at $28.74, up by 6.00 per cent. Its 24-hour trading volume was $476.46 million.
Cardano ADA was up by 1.41 per cent to $$0.446 from the previous day. Its 24-hour trading volume was $442.45 million.
Meme Coins
Dogecoin DOGE was up by 2.39 per cent, with a 24-hour price of $0.126.
Shiba Inu SHIB was up by 2.26 per cent to $0.00001955.
Decentralised Finance
DeFi coin was trading at 0.03835, up by 2.52 per cent.
Yearn.Finance YFI was up by 1.88 per cent to $6,104.71 in the last 24 hours. Its 24-hour trading volume was $18.22 million.
