Cryptocurrency

Crypto Market Increases Marginally Along With Trading Volume; Bitcoin, Ethereum up

Bitcoin was up by 2.68 per cent, while Ethereum was up by 3.87 per cent. Bitcoin BTC was the top trending, while Pepe PEPE was the top gainer and Tron TRX was the top loser.

Crypto Market Increases Marginally Along With Trading Volume; Bitcoin, Ethereum up
info_icon

The global crypto market rises marginally on Tuesday. The total market cap was up by 3.08 per cent to $2.36 trillion, even as the total trading volume was up by 41.69 per cent to $83.2 billion. Bitcoin BTC was the most trending, it was up by 2.68 per cent to $64,388.71. Its 24-hour trading volume was $35.06 billion. Pepe PEPE was the top gainer. It was up by 28.50 per cent. Its 24-hour trading volume was $1.58 billion. Tron TRX was the top loser. It was down by 2.00 per cent. Its 24-hour trading volume was $377.9 million.

DeFi was up by 4.31 per cent to $5.06 billion, Coinmarketcap.com reported.

Rajagopal Menon, Vice President, WazirX stated, "Bitcoin (BTC) has risen 0.05% in the past 24 hours, currently trading at $64,786, with moving averages signalling a 'Buy' sentiment. Several factors are considered bullish for Bitcoin in the coming weeks and months. Federal Reserve Chair Jerome Powell has suggested possible interest rate cuts, and the S&P 500 continues to reach new highs.

Meanwhile, Ethereum has climbed past the $3,500 resistance level and could gain enough momentum to break above $4,000 soon. This bullish outlook is bolstered by increasing trading volume and the commencement of ETF trading sometime later this month. XRP has surged by 18% over the past day, now trading at $0.56321, surpassing the crucial 200 EMA resistance level. The indicators for the token point to a Buy sentiment on the horizon."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 2.68 per cent to$64,388.71. Its 24-hour trading volume was $35.6 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.7 per cent. 

Ethereum: Ethereum ETH was up by 3.87 per cent to $3,442.42 from the previous day. Its 24-hour trading volume was $17.41 billion. Ethereum’s market dominance was 17.6 per cent.

Tether: Tether USDT was trading at $1.00. It was down by 0.02 per cent. Its 24-hour trading volume was $65.32 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 3.63 per cent to $157.12. Its 24-hour trading volume was $2.53 billion.

Avalanche AVAX was trading at $27.44, up by 2.67 per cent. Its 24-hour trading volume was $366.85 million.

Cardano ADA was up by 1.62 per cent to $0.4421 from the previous day. Its 24-hour trading volume was $501.1 million.

Meme Coins

Shiba Inu SHIB was up by 7.77 per cent, with a 24-hour price of $0.00001937. 

Dogecoin DOGE was also up by 4.88 per cent to $0.1238.

Decentralised Finance

DeFi coin was trading at $0.03931, up by 2.47 per cent. 

Yearn.Finance YFI was up by 1.12 per cent to $6,028.48 in the last 24 hours. Its 24-hour trading volume was $15.86 million.