Crypto Market Declines Marginally, Trading Volume Falls 6.78%, Bitcoin, Ethereum Down

The global crypto market declined marginally on Friday. The total market cap was down by 0.10 per cent to $2.63 trillion, while the total trading volume was down by 6.78 per cent to $75.29 billion. Notcoin NOT was the most trending cryptocurrency. It was down by 6.82 per cent to $0.02111. Its 24-hour trading volume was $1.22 Billion. Warmhole W was the top gainer. It was up by 13.05 per cent. Its 24-hour trading volume was $213.59 million. Bitget Token BGB was the top loser. It was down by 6.83 per cent. Its 24-hour trading volume was $148.79 million.

DeFi was up by 0.31 per cent to $5.20 billion, Coinmarketcap.com reported.

Also Read: Bitcoin ETFs Notch Up $500M In Inflows Despite Minimal Search Interest

Sathvik Vishwanath, co-founder and CEO, Unocoin saidt “Bitcoin, which is currently trading at $70,900 and down by 1 per cent, has a pivot point at $70,600, indicating possible upside momentum. Key resistance levels are $71,800, $72,500 and $73,100, with support at $70,600, $69,650 and $68,500. Bullish dip at $70,600, 50-day EMA at $69,000 and RSI 66 indicate strong buying interest. However, the double top pattern near $71,800 poses a challenge. If buying pressure increases, Bitcoin could reach $72,500. A hold above $70,600 could target $71,800 and $72,500, while a break below $70,600 could indicate a bearish trend.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.27 per cent to $71,241.66. Its 24-hour trading volume was $25.37 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.2 per cent.

Ethereum: Ethereum ETH was down by 1.19 per cent to $3,814.28 from the previous day. Its 24-hour trading volume was $13.37 billion. Ethereum’s market dominance was 17.4 per cent.

Tether: Tether USDT was trading at $0.9997. It was down by 0.04 per cent. Its 24-hour trading volume was $58.44 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.14 per cent to $171.61. Its 24-hour trading volume was $2.05 billion.

Avalanche AVAX was trading at $35.87, down by 1.19 per cent. Its 24-hour trading volume was $295.55 million.

Cardano ADA was up by 0.09 per cent to $0.46 from the previous day. Its 24-hour trading volume was $284.12 million.

Meme Coins

Dogecoin DOGE was down by 0.57 per cent, with a 24-hour price of $0.1615.

Shiba Inu SHIB was down by 2.15 per cent to $0.00002524.

Decentralised Finance

DeFi coin was trading at $0.07743, up by 27.07 per cent.

Yearn.Finance YFI was down by 1.60 per cent to $6,996.79 in the last 24 hours. Its 24-hour trading volume was $18.18 million.