Crypto Market Gains Marginally Even As Trading Volume Falls, Bitcoin Up, Ethereum Down

The global crypto market increased marginally on Monday. The total market cap was up by 0.03 per cent to $2.54 trillion, even as the total trading volume was down by 6.95 per cent to $49.18 billion.

Notcoin NOT was the most trending cryptocurrency for consecutive three days. It was up by 10.45 per cent to $0.01939. Its 24-hour trading volume was $823.95 million. Mantra OM was the top gainer. It was up by 16.78 per cent. Its 24-hour trading volume was $160.38 million. Fetch.ai FET was the top loser. It was down by 4.74 per cent. Its 24-hour trading volume was $118.89 million.

DeFi was up by 0.21 per cent to $4.42 billion, Coinmarketcap.com reported.

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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, “Bitcoin, currently trading at $69,300 with a modest gain of less than 0.10%, is facing uncertainty in the market following a tweet from millionaire trader Zoran Kole (@Captain_Kole1). Kole mentioned “$44,444″ and apologized, hinting at a possible sharp drop in the price of Bitcoin. This prediction prompted traders to take a closer look at Bitcoin’s support and resistance levels. A key support level is at $68,700, indicating a potential bullish reversal if sustained. Resistance levels are at $69,600, $69,750 and $70,650, with the 50-day EMA at $69,600 being crucial to confirm the bullish trend. Given these conditions, traders are advised to sell below $69,700 and consider buying above $68,700 based on price movements.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 0.30 per cent to $69,538.22. Its 24-hour trading volume was $14.49 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 49.06 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 $7.99 billion. Ethereum’s market dominance was 17.4 per cent.

Tether: Tether USDT was trading at $0.9997. It was down by 0.03 per cent. Its 24-hour trading volume was $38.89 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.32 per cent to $159.68. Its 24-hour trading volume was $1.36 billion.

Avalanche AVAX was trading at $32.70, up by 0.84 per cent. Its 24-hour trading volume was $237.05 million.

Cardano ADA was up by 1.29 per cent to $0.4409 from the previous day. Its 24-hour trading volume was $337.31 million.

Meme Coins

Dogecoin DOGE was down by 0.64 per cent, with a 24-hour price of $0.1454.

Shiba Inu SHIB was down by 0.02 per cent to $0.00002319.

Decentralised Finance

DeFi coin was trading at $0.06895, down by 1.77 per cent.

Yearn.Finance YFI was up by 0.97 per cent to $6,458.72 in the last 24 hours. Its 24-hour trading volume was $14.28 million.