Cryptocurrency

Ethereum Crosses $2,000-Mark, Crypto Market Gains Marginally, Trading Volume Up By 5.79%

Bitcoin was up by 4.21 per cent, while Ethereum was up by 2.58 per cent. Kaspa was the most trending cryptocurrency as well as the top gainer, while Lido DAO was the top loser

Cryptocurrency
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Ethereum rebounded to the $2,000-mark despite the volatility in the global crypto market and delays by the US Securities and Exchange Commission (SEC) on its decision on Grayscale’s application for an Ethereum exchange-traded fund (ETF).

The global crypto market volume was up by 5.79 per cent to $70.20 billion on Wednesday.

Kaspa was the most trending cryptocurrency as well as the top gainer, up by 37.22 per cent to $0.1306. Its 24-hour trading volume was $$217 million. Lido DAO was the top loser, down by 4.89 per cent to $2.35. Its 24-hour trading volume was $139.8 million.

Decentralised finance (DeFi) accounted for 11.91 per cent of the total 24-hour volume at $8.36 billion. The overall volume of all stable coins is now $62.39 billion, accounting for 88.87 per cent of the total 24-hour volume of the crypto market.

Cryptocurrency Prices

Bitcoin: Bitcoin was up by 4.21 per cent to $37,370.07. Its 24-hour trading volume was $28.45 billion. It is currently ranked number 1 on Coinmarketcap, based on the market cap. Bitcoin’s market dominance was 51.02 per cent, up 0.30 per cent over the last 24 hours.

Ethereum: Ethereum was up by 2.58 per cent to $2,044.20 from the previous day. Its 24-hour trading volume was $12.45 billion.

Tether: Tether was trading at $1, same as yesterday. Its 24-hour trading volume was $51.97 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana (SOL) was up by 10.88 per cent to $65.91. Its 24-hour trading volume was $4.28 billion.

Avalanche was trading at $23.38, up by 23.36 per cent. Its 24-hour trading volume was $1.90 billion.

Cardano ADA was up by 9.29 per cent to $0.397 from the previous day. Its 24-hour trading volume was $610 million.

Meme Coins

Dogecoin (DOGE) was up by 8.06 per cent, with a 24-hour price of $0.07957.

Shiba Inu was up by 5.66 per cent to $0.000008948.

Decentralised Finance

DeFi coin was trading at $0.001202, up by 0.43 per cent from yesterday.

Yearn.Finance was up by27.06 per cent to $13,377.02 over the last 24 hours. Its 24-hour trading volume was $272.28 million.