The global crypto market gained marginally on Wednesday. The total market cap was up by 3.90 per cent to $2.44 trillion, while the total trading volume was up by 5.76 per cent to $104.23 billion.
AI Companions AIC was the most trending cryptocurrency. It was up by 6.39 per cent to $0.1131. Its 24-hour trading volume was $9.52 million.
Elsewhere, Sui SUI was the top gainer. It was up by 12.70 per cent. Its 24-hour trading volume was $13.46 billion, while Kaspa KAS was the top loser. It was down by 6.53 per cent. Its 24-hour trading volume was $115.56 million.
DeFi was up by 3.38 per cent to $4.57 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, co-founder and CEO, Unocoin said: “Bitcoin is targeting a new all-time high in October, trading at $72,200 as it aims to close the month on a strong note, boosted by heightened buying pressure. It recently surpassed a resistance of $73,700, reaching a market cap of $1.45 trillion. Exchange reserves are at record lows, suggesting robust investor demand, while Bitcoin exchange-traded funds (ETFs) have seen inflows of $3.9 billion since October 11. The price surge is linked to rising odds of Donald Trump’s election campaign, promising a pro-crypto stance. If Bitcoin surpasses its all-time high of $73,777, it could further bolster October’s historical bullish trend.”
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 1.83 per cent to $72,412.60. Its 24-hour trading volume was $53.30 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 57.5 per cent.
Ethereum: Ethereum ETH was up by 1.73 per cent to $2,663.521 from the previous day. Its 24-hour trading volume was $20.85 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $0.9996. It was up by 0.05 per cent. Its 24-hour trading volume was $80.34 billion. It was ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.54 per cent to $179.31. Its 24-hour trading volume was $3.35 billion.
Avalanche AVAX was trading at $26.65, up by 0.25 per cent. Its 24-hour trading volume was $250.50 million.
Cardano ADA was up by 4.15 per cent to $0.3599 from the previous day. Its 24-hour trading volume was $304.25 million.
Meme Coins
Dogecoin DOGE was up by 6.10 per cent, with a 24-hour price of $0.1745.
Shiba Inu SHIB was up by 4.42 per cent to $0.00001905.
Decentralised Finance
DeFi coin was trading at $0.01959, down by 2.13 per cent.
Yearn.Finance YFI was up by 3.66 per cent to $5,027.22 in the last 24 hours. Its 24-hour trading volume was $22 million.
