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

Bitcoin was down by 0.27 per cent, while Ethereum was down by 1.19 per cent. Notcoin NOT was the most trending cryptocurrency, while Warmhole W was the top gainer and Bitget Token BGB was the top loser
Crypto Market Declines Marginally
Crypto Market Declines Marginally

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.

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.

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