Crypto Market Dips Marginally, Trading Volume Decreases; Bitcoin, Ethereum Down

Bitcoin was down by 0.23 per cent, while Ethereum was down by 0.42 per cent. Pepe PEPE was the most trending, while Lido DAO LDO was the top gainer and dogwifhat WIF was the top loser.
Crypto Market Dips Marginally
Crypto Market Dips Marginally

The global crypto market decreased marginally on Wednesday. The total market cap was down by 0.10 per cent to $2.26 trillion, while the total trading volume was down by 4.08 per cent to $69.04 billion. Pepe PEPE was the most trending cryptocurrency. It was down by 3.42 per cent to $0.000007908. Its 24-hour trading volume was $611.69 million. Lido DAO LDO was the top gainer. It was up by 2.30 per cent. Its 24-hour trading volume was 64.89 million. dogwifhat WIF was the top loser. It was down by 10.83 per cent. Its 24-hour trading volume was $585.28 million.

DeFi was down by 1.73 per cent to $6.04 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is currently priced at $61,500 with a 24-hour trading volume of $28.28 billion, reflecting a 2.25% drop in the last day. The cryptocurrency, which boasts a market cap of $1.21 trillion, saw a significant inflow of $66 million into US spot bitcoin ETFs, reversing two days of outflows. Fidelity's FBTC led this increase with $38.6 million, followed by Bitwise's $20.3 million. This influx indicates growing investor confidence. Technically, Bitcoin is hovering around the $61,450 pivot point with support at $60,185 and resistance at the 50-day EMA at $61,975. The symmetrical triangle pattern suggests potential volatility with neutral market momentum as indicated by the RSI at 47."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.23 per cent to $61,848.04. Its 24-hour trading volume was $24.48 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.0 per cent.

Ethereum: Ethereum ETH was down by 0.42 per cent to $2,902.33 from the previous day. Its 24-hour trading volume was $11.41 billion. Ethereum’s market dominance was 15.5 per cent.

Tether: Tether USDT was trading at $0.9997. It was up by 0.03 per cent. Its 24-hour trading volume was $52.25 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.75 per cent to $143.47. Its 24-hour trading volume was $2.35 billion.

Avalanche AVAX was trading at $32.32, up by 0.17 per cent. Its 24-hour trading volume was $377.85 million.

Cardano ADA was down by 1.29 per cent to $0.4282 from the previous day. Its 24-hour trading volume was $268.35 million.

Meme Coins

Dogecoin DOGE was down by 2.00 per cent, with a 24-hour price of $0.1466.

Shiba Inu SHIB was down by 1.40 per cent to $0.00002322.

Decentralised Finance

DeFi coin was trading at $0.04604, the same as yesterday.

Yearn.Finance YFI was down by 0.35 per cent to $6,593.66 in the last 24 hours. Its 24-hour trading volume was $18.88 million.

Related Stories

No stories found.
logo
Outlook Business & Money
business.outlookindia.com