Crypto Market Gains Marginally
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.
Read More: Crypto Market Rises Marginally, Trading Volume Gains; Bitcoin, Ethereum Up
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