The global crypto market gained on Friday. The total market cap was up by 0.58 per cent to $1.77 trillion, whereas the total trading volume was down by 15.51 per cent to 99.62 billion. Bitcoin BTC was the most trending cryptocurrency. It was up by 0.72 per cent to 46,227.35. Its 24-hour trading volume was $43.42 billion, while Sui SUI was the top gainer, up by 19.36 per cent. Its 24-hour trading volume was $889.98 million. Akash Network AKT was the top loser, down by 7.22 per cent. Its 24-hour trading volume was $8.48 million. “Bitcoin, the leading digital cryptocurrency, is trending upwards after the US SEC's approval of 11 new Bitcoin ETFs, signaling a key moment for mainstream adoption. This price resistance, currently stabilizing around $46,600, signifies the maturation of the cryptocurrency market. Major financial institutions, including BlackRock and Fidelity, are expressing increased interest in the ETF domain and confirming institutional integration. Grayscale Investments, which won an SEC victory, plans to turn its sizeable $29 billion bitcoin trust into an ETF, potentially catalyzing increased investor confidence and demand. Robert Kiyosaki predicts Bitcoin at $150,000 after SEC approval, highlighting Bitcoin, gold and silver as superior assets amid inflation fears. Market analysis reveals a positive trajectory, yet a discernible double-top pattern near $47,750 introduces caution and highlights vigilance on potential resistance and the prospect of a bearish reversal if key support points are broken.,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin said.
DeFi was up by 1.56 per cent to $8.00 Billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.72 per cent to $46,227.35. Its 24-hour trading volume was $43.42 billion. It is currently ranked number 1 on Coinmarketcap, based on the market cap. Bitcoin’s market dominance was 51.1 per cent.
Ethereum: Ethereum ETH was up by 1.48 per cent to $2,617.34 from the previous day. Its 24-hour trading volume was $19.16 billion. Ethereum’s market dominance was 17.7 per cent.
Tether: Tether USDT was down by 0.02 trading at $0.9999, the same as yesterday. Its 24-hour trading volume was 72.04 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 0.69 per cent to $99.49 Its 24-hour trading volume was $3.80 billion.
Avalanche AVAX was trading at $39.06, up by 3.49 per cent. Its 24-hour trading volume was 1.06 billion.
Cardano ADA was up by 3.95 per cent to $0.5847 from the previous day. Its 24-hour trading volume1 was 975.39 million.
Meme Coins
Dogecoin DOGE was up by 2.54 per cent, with a 24-hour price of $0.08473.
Shiba Inu SHIB was up by 2.03 per cent to $0.00001023.
Decentralised Finance
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was up by 4.16 per cent to $8,342.14 in the last 24 hours. Its 24-hour trading volume was 50.97 million.
