Crypto Market Dips Marginally
Crypto Market Dips Marginally

Crypto Market Dips Marginally, Trading Volume Rises 21.73%; Bitcoin, Ethereum Fall

Bitcoin was down by 0.25 per cent, while Ethereum was down by 0.09 per cent. Jupiter JUP was the most trending cryptocurrency, while Ronin RON was the top gainer and Render RNDR was the top loser.

The global crypto market gained marginally on Monday. The total market cap was down by 0.20 per cent to $1.64 trillion, while the total trading volume was up by 21.73 per cent to $35.31 billion.

Jupiter JUP was the most trending cryptocurrency. It was down by 3.72 per cent to $0.5359. Its 24-hour trading volume was $302.66 million. Ronin RON was the top gainer, up by 15.87 per cent. Its 24-hour trading volume was $3.50. Render RNDR was the top loser, down by 8.10 per cent. Its 24-hour trading volume was $4.41.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "With Bitcoin trading volume soaring to $8 billion, investors are considering the perfect time to enter the market, given the cryptocurrency's current price of $43,000 and Sunday's minor dip of 0.50%. Genesis' move to sell trust assets amid bankruptcy proceedings could affect market sentiment and bitcoin's trajectory. LPL Financial's due diligence hinders adoption of Bitcoin ETFs and potentially holds back significant investment. Additionally, the US Department of Justice's crackdown on illegal cryptocurrency mining in a school district may affect public perception. Bitcoin technical analysis reveals crucial resistance and support levels, with indicators suggesting a neutral stance but hinting at a possible bearish trend below $42,885."

DeFi was down by 0.57 per cent to $3.96 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.25 per cent to $42,709.39. Its 24-hour trading volume was $15.11 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.2 per cent.

Ethereum: Ethereum ETH was down by 0.09 per cent to $2,295.30 from the previous day. Its 24-hour trading volume was $5.84 billion. Ethereum’s market dominance was 16.8 per cent.

Tether: Tether USDT was trading at $0.9992, down by 0.06 per cent. Its 24-hour trading volume was $23.93 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.40 per cent to $96.28 Its 24-hour trading volume was $1.44 billion.

Avalanche AVAX was trading at $35.11, up by 2.07 per cent. Its 24-hour trading volume was $397.42 million.

Cardano ADA was down by 1.91 per cent to $0.4971 from the previous day. Its 24-hour trading volume was $238.37 million.

Meme Coins

Dogecoin DOGE was down by 0.79 per cent, with a 24-hour price of $0.07816.

Shiba Inu SHIB was down by 1.65 per cent to $0.000008915.

Decentralised Finance

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

Yearn.Finance YFI was down by 0.18 per cent to $7,085.31 in the last 24 hours. Its 24-hour trading volume was $10.35 million.

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