Cryptocurrency

Crypto Market Rises Marginally, Trading Volume Gains; Bitcoin, Ethereum Up

Bitcoin was up by 2.93 per cent, while Ethereum was up by 0.60 per cent. Notcoin NOT was the most trending crypto currency, while Floki FLOKI was the top gainer and Warmhole W was the top loser

Crypto Market Gains Marginally
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The global crypto market gained marginally on Wednesday. The total market cap was up by 2.64 per cent to $2.63 trillion, while the total trading volume was up by 9.49 per cent to $89.26 billion.

Notcoin NOT was the most trending cryptocurrency. It was down by 7.68 per cent to $0.02249. Its 24-hour trading volume was $2.44 billion. Floki FLOKI was the top gainer. It was up by 26.09 per cent. Its 24-hour trading volume was $1.22 billion. Warmhole W was the top loser. It was down by 8.19 per cent. Its 24-hour trading volume was $96.10 million.

DeFi was down by 1.57 per cent to $6.72 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, co-founder and CEO, Unocoin said, “During the US session, Bitcoin briefly hit $71,000 but retreated to $70,250. A cooling US labour market with job openings at a three-year low has investors turning to Bitcoin as a safe haven. Bitcoin’s breakout from a symmetrical triangle at $69,000 signals a bullish trend. Key levels to watch are the pivot point at $68,450 and resistance at $71,200. However, an RSI of 66.95 suggests overbought conditions, indicating a possible short-term pullback. Immediate support is at $69,600, with further support at $68,450, reinforced by the 50-day EMA.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 2.93 per cent to $71,010.26. Its 24-hour trading volume was $36.79 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.3 per cent.

Ethereum: Ethereum ETH was up by 0.60 per cent to $3,786.85 from the previous day. Its 24-hour trading volume was $14.16 billion. Ethereum’s market dominance was 17.3 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.04 per cent. Its 24-hour trading volume was $70.31 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 1.44 per cent to $173.21. Its 24-hour trading volume was $2.45 billion.

Avalanche AVAX was trading at $36.17, up by 3.91 per cent. Its 24-hour trading volume was $354.10 million.

Cardano ADA was down by 0.70 per cent to $0.4615 from the previous day. Its 24-hour trading volume was $326.33 million.

Meme Coins

Dogecoin DOGE was up by 2.73 per cent, with a 24-hour price of $0.1625.

Shiba Inu SHIB was up by 6.44 per cent to $0.00002553.

Decentralised Finance

DeFi coin was trading at $0.05805, up by 2.80 per cent .

Yearn.Finance YFI was up by 1.12 per cent to $7,073.00 in the last 24 hours. Its 24-hour trading volume was $17.58 million.