Cryptocurrency

Crypto Market Surges Marginally, Trading Volume Dips 32.81%

Bitcoin was up by 3.92 per cent, while Ethereum was up by 3.06 per cent. Mina MINA was the most trending, while Arweave AR was the top gainer and Cosmos ATOM was the top loser.

Crypto Market Surges Marginally
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The global crypto market increased marginally on Friday. The total market cap was up by 3.76 per cent to $2.23 trillion, while the total trading volume was down by 32.81 per cent to $71.42 billion. Mina MINA was the most trending cryptocurrency. It was up by 5.51 per cent to $0.8163. Its 24-hour trading volume was $19.21 million. Arweave AR was the top gainer. It was up by 22.62 per cent. Its 24-hour trading volume was $192.16 million. Cosmos ATOM was the top loser. It was down by 0.79 per cent. Its 24-hour trading volume was $170.71 million.

DeFi was up by 4.24 per cent to $6.00 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin remains resilient above $57,000 despite a $37 million outflow from BlackRock's IBIT ETF, suggesting a shift in sentiment. Immediate resistance is at $61,700, while support is held at $56,625. With a relative strength index (RSI) of 44, the market appears neutral. Trading below the 50-day EMA of $61,500 indicates a potential bearish bias. On the 4-hour chart, Bitcoin is hitting resistance at $59,570, which was a barrier earlier. Failure to cross it could lead to a decline towards $56,600 or below, with $55,000 being the decisive level. Conversely, a break above $59,570 could target resistance at $61,500 and $64,650, signaling bullish sentiment. Bitcoin's market position depends on sustaining or breaking the $59,570 pivot point"

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.92 per cent to $59,537.53. Its 24-hour trading volume was $30.11 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.7 per cent.

Ethereum: Ethereum ETH was up by 3.06 per cent to $2,999.05 from the previous day. Its 24-hour trading volume was $12.45 billion. Ethereum’s market dominance was 16.5 per cent.

Tether: Tether USDT was trading at $1.00. It was up by 0.09 per cent. Its 24-hour trading volume was $51.60 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 7.44 per cent to $140.16. Its 24-hour trading volume was $3.32 billion.

Avalanche AVAX was trading at $32.57, up by 3.90 per cent. Its 24-hour trading volume was $321.16 million.

Cardano ADA was up by 3.07 per cent to $0.4582 from the previous day. Its 24-hour trading volume was $303.58 million.

Meme Coins

Dogecoin DOGE was up by 7.05 per cent, with a 24-hour price of $0.134.

Shiba Inu SHIB was up by 5.82 per cent to $0.0000232.

Decentralised Finance

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

Yearn.Finance YFI was up by 2.02 per cent to $6,894.76 in the last 24 hours. Its 24-hour trading volume was $16.70 million.