The global crypto market increased on Wednesday. The total market cap was up by 0.20 per cent to $3.09 trillion, while the total trading volume was down by 9.17 per cent to $180.55 billion.
XRP XRP was the most trending cryptocurrency. It was down by 2.09 per cent to $1.09. Its 24-hour trading volume was $5.67 billion. Bonk BONK was the top gainer. It was up by 11.85 per cent. Its 24-hour trading volume was $3.03 billion. Hedera HBAR was the top loser. It was down by 11.13 per cent. Its 24-hour trading volume was $1.44 billion.
DeFi was down by 1.89 per cent to $8.85 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin climbed to a new all-time high, nearing $94,000, pushing its market capitalization to around $1.85 trillion, making it the seventh largest asset in the world. The rally began after the US election on November 5, when Bitcoin traded around $68,000 and quickly climbed to $75,000. It peaked at $93,477 last week before entering a brief consolidation phase. A recent move above $93,000 fueled speculation of a possible move toward $100,000, further fueled by heavy buying from MicroStrategy and others. With this increase, Bitcoin is closing in on Alphabet and Amazon in market capitalization."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.94 per cent to $92,598.77. Its 24-hour trading volume was $75.08 billion. It is currently ranked by number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 59.5 per cent.
Ethereum: Ethereum ETH was down by 0.43 per cent to $3,113.19 from the previous day. Its 24-hour trading volume was $28.23 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $1. It was up by 0.04 per cent. Its 24-hour trading volume was $144.74 billion. It was ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was down by 2.54 per cent to $235.54. Its 24-hour trading volume was $6.92 billion.
Avalanche AVAX was trading at $33.96, down by 4.08 per cent. Its 24-hour trading volume was $684.40 million.
Cardano ADA was up by 3.91 per cent to $0.789 from the previous day. Its 24-hour trading volume was $2.23 billion.
Meme Coins
Dogecoin DOGE was up by 1.03 per cent, with a 24-hour price of $0.3921.
Shiba Inu SHIB was down by 4.20 per cent to $0.00002443.
Decentralised Finance
DeFi coin was trading at $0.01795, down by 1.85 per cent.
Yearn Finance YFI was down by 1.13 per cent to $6,249.23 in the last 24 hours. Its 24-hour trading volume was $22.55 million.
