Crypto Market Dips
Marginally
The global crypto market declined marginally on Saturday. The total market cap was down by 3.39 per cent to $2.55 trillion, even as the total trading volume was up by 40.42 per cent to $105.24 billion.
Notcoin NOT was the most trending cryptocurrency. It was down by 7.12 per cent to $0.0195. Its 24-hour trading volume was $1.40 billion. Filecoin FILE was the top gainer. It was up by 5.59 per cent. Its 24-hour trading volume was $840.89 million. dogwifhat WIF was the top loser. It was down by 13.51 per cent. Its 24-hour trading volume was $857.39 million.
DeFi was up by 4.59 per cent to $8.16 billion, Coinmarketcap.com reported.
Rajagopal Menon, vice president, WazirX said: “The market value of cryptocurrencies increased by $10 billion today to reach $2.795 trillion, driven by surges in both Bitcoin and Ethereum. The US 10-year Treasury yields trading near two-month lows have boosted non-yielding assets. Weak US economic data throughout the week has strengthened expectations of multiple US Federal Reserve rate cuts in 2024. Solana is experiencing a steady, gradual recovery, with its uptrend supported by the 50-day and 200-day moving averages, indicating potential strength in the market.”
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 2.79 per cent to $69,217.22. Its 24-hour trading volume was $35.25 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.6 per cent.
Ethereum: Ethereum ETH was down by 3.59 per cent to $3,676.21 from the previous day. Its 24-hour trading volume was $18.09 billion. Ethereum’s market dominance was 17.4 per cent.
Tether: Tether USDT was trading at $0.9995. It was down by 0.02 per cent. Its 24-hour trading volume was $82.42 billion. It is ranked third on Coinmarketcap.
Meme Coins
Dogecoin DOGE was down by 8.50 per cent, with a 24-hour price of $0.1479.
Shiba Inu SHIB was down by 5.17 per cent to $0.00002406.
Decentralised Finance
DeFi coin was trading at $0.06726, down by 12.94 per cent.
Yearn.Finance YFI was down by 5.59 per cent to $6,617.48 in the last 24 hours. Its 24-hour trading volume was $37.37 million.
Read More: Crypto Market Dips Marginally Even As Trading Volume Rises 40.42%, Bitcoin, Ethereum Fall
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. coinzoop.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.