Cryptocurrency

Crypto Market Gains Marginally, Trading Volume Surges 5.12%; Bitcoin, Ethereum Up

Bitcoin was up by 3.28 per cent, while Ethereum was up by 2.31 per cent. Omni Network OMNI was the most trending cryptocurrency, while Toncoin TON was the top gainer and Maker MKR was the top loser.

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Crypto Market Gains Marginally
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The global crypto market gained marginally on Friday. The total market cap was up by 3.30 per cent to $2.3 trillion, while the total trading volume was up by 5.12 per cent to $102.85 billion. Omni Network OMNI was the most trending cryptocurrency. It was up by 1.40 per cent to $23.74. Its 24-hour trading volume was $181.55 million. Toncoin TON was the top gainer. It was up by 6.91 per cent. Its 24-hour trading volume was $628.79 million. Maker MKR was the top loser. It was down by 4.32 per cent. Its 24-hour trading volume was $132.02 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said that "The price of bitcoin fell to $60,547, down 1.74%, amid market volatility, prompting traders and analysts to scrutinize updated price forecasts. Despite the decline, Bitcoin maintains its dominance with a trading volume of $40.55 billion and a market cap approaching $1.19 trillion. Technical analysis suggests barriers at $62,216, with resistance levels at $64,606, $67,695 and $70,959. The support is $59,418, the other cushions are $56,271 and $53,182. The Relative Strength Index (RSI) at 40 indicates potential oversold, while the 50-day EMA at $65,415 is strengthening resistance. Bitcoin's outlook remains bearish below $62,216 with potential momentum once it crosses that line."

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DeFi was up by 0.23 per cent to $7.23 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.28 per cent to $62,933.11. Its 24-hour trading volume was $44.45 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.0 per cent.

Ethereum: Ethereum ETH was up by 2.41 per cent to $3,238.06 from the previous day. Its 24-hour trading volume was $18.42 billion. Ethereum’s market dominance was 16.6 per cent.

Tether: Tether USDT was trading at $1.00. It was up by 0.01 per cent. Its 24-hour trading volume was $76.40 billion. It is ranked third on Coinmarketcap.

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Other Altcoins

Solana SOL was up by 5.98 per cent to $139.55. Its 24-hour trading volume was $5.50 billion.

Avalanche AVAX was trading at $33.77, down by 0.13 per cent. Its 24-hour trading volume was $632.39 million.

Cardano ADA was down by 0.76 per cent to $0.4414 from the previous day. Its 24-hour trading volume was $491.66 million.

Meme Coins

Dogecoin DOGE was up by 0.09 per cent, with a 24-hour price of $0.147.

Shiba Inu SHIB was down by 0.17 per cent to $0.00002186.

Decentralised Finance

DeFi coin was trading at $0.04604, the same as yesterday.

Yearn.Finance YFI was up by 0.25 per cent to $6,810.17 in the last 24 hours. Its 24-hour trading volume was $25.50 million in the last 24 hours.

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