Crypto Market Dips Marginally Even As Trading Volume Declines; Bitcoin, Ethereum Down

Bitcoin was down by 0.63 per cent, while Ethereum was down by 0.89 per cent. Super Trump STRUMP was the most trending, while Bonk BONK was the top gainer and Starknet STRK was the top loser.
Crypto Market Dips Marginally
Crypto Market Dips Marginally

The global crypto market declines marginally on Tuesday. The total market cap was down by 0.46 per cent to $2.32 trillion, even as the total trading volume was up by 1.32 per cent to $60.48 billion. Super Trump STRUMP was the most trending. It was down by 6.90 per cent to $0.01083. Its 24-hour trading volume was $3.46 million. Bonk BONK was the top gainer. It was up by 10.25 per cent. Its 24-hour trading volume was $344.72 million. Starknet STRK was the top loser. It was down by 6.33 per cent. Its 24-hour trading volume was $43.44 million.

DeFi was down by 0.96 per cent to $3.88 billion, Coinmarketcap.com reported.

Rajagopal Menon, VP, WazirX said, "Bitcoin has surged 0.55% today, retaining its level above the $63,000 threshold. This critical $63-64k zone, if held, could signal a new bullish phase for the cryptocurrency. Riding this wave of optimism, Bitcoin has now set its sights on the $64,000 level."

He further mentioned, "Technical indicators for Bitcoin present a mixed outlook. However, there is optimism yet as it’s anticipated that miners are done with their sell off phase. "

He added, "Toncoin is defying the broader cryptocurrency market downturn, continuing its upward trajectory thanks to a robust ecosystem supported by Telegram, one of the world's largest messaging platforms."

Currently trading around $7.81, Toncoin shows strong technical performance, with key moving averages indicating a sustained bullish trend.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.63 per cent to $62,948.45. Its 24-hour trading volume was $21.79 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.5 per cent.

Ethereum: Ethereum ETH was down by 0.89 per cent to $3,453.76 from the previous day. Its 24-hour trading volume was $10.45 billion. Ethereum’s market dominance was 17.9 per cent.

Tether: Tether USDT was trading at $0.9988. It was up by 0.00 per cent. Its 24-hour trading volume was $40.95 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.63 per cent to $148.82. Its 24-hour trading volume was $1.71 billion.

Avalanche AVAX was trading at $28.44, down by 4.44 per cent. Its 24-hour trading volume was $283.05 million.

Cardano ADA was up by 2.49 per cent to $0.4077 from the previous day. Its 24-hour trading volume was $242.29 million.

Meme Coins

Dogecoin DOGE was down by 2.23 per cent, with a 24-hour price of $0.1237.

Shiba Inu SHIB was down by 1.10 per cent to $0.00001719.

Decentralised Finance

DeFi coin was trading at $0.03924, down by 2.86 per cent.

Yearn.Finance YFI was up by 3.52 per cent to $6,581.98 in the last 24 hours. Its 24-hour trading volume was $23.49 million.

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