Crypto Market Dips Marginally, Trading Volume Surges 7.57%; Bitcoin, Ethereum Down

Bitcoin was down by 2.79 per cent, while Ethereum was down by 4.28 per cent. Pepe PEPE was the most trending cryptocurrency, while Helium HNT was the top gainer and Core CORE was the top loser
Crypto Market Price
Crypto Market Price

The global crypto market dips marginally on Monday. The total market cap was down by 3.41 per cent to $2.3 trillion, while the total trading volume was up by 7.57 per cent to $56.15 billion. Pepe PEPE was the most trending cryptocurrency. It was down by 9.56 per cent to $0.000006864. Its 24-hour trading volume was $614.24 million. Helium HNT was the top gainer. It was up by 10.03 per cent. Its 24-hour trading volume was $58.14 million. Core CORE was the top loser. It was down by 11.58 per cent. Its 24-hour trading volume was $86.16 million.

DeFi was down by 2.03 per cent to $5.28 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Today, Bitcoin's pivot point is at $64,075, which is crucial for traders. Immediate resistance lies at $65,092, with further barriers at $66,745 and $67,887 if momentum continues. Support is at $62,754 with potential declines to $61,782 and $60,780. The Relative Strength Index (RSI) at 43 indicates neutrality, lacking strong momentum. The 50-day EMA of $64,355 near the pivot indicates a critical moment. On the 4-hour chart, Bitcoin has broken below the descending triangle, suggesting further declines towards $61,750 and possibly $60,750. Overall, the technical outlook is bearish below $64,075, with a break signaling the potential for further declines, while a break above it could lead to bullish sentiment and tests of upper resistance levels."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 2.79 per cent to $62,169.12. Its 24-hour trading volume was $20.09 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.0 per cent.

Ethereum: Ethereum ETH was down by 4.28 per cent to $3,178.23 from the previous day. Its 24-hour trading volume was $13.18 billion. Ethereum’s market dominance was 16.1 per cent.

Tether: Tether USDT was trading at $0.9999. It was down by 0.05 per cent. Its 24-hour trading volume was $40.19 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 6.23 per cent to $134.69. Its 24-hour trading volume was $2.03 billion.

Avalanche AVAX was trading at $33.17, down by 4.74 per cent. Its 24-hour trading volume was $264.94 million.

Cardano ADA was down by 6.11 per cent to $0.4481

from the previous day. Its 24-hour trading volume was $270.64 million.

Meme Coins

Dogecoin DOGE was down by 5.97 per cent, with a 24-hour price of $0.1412.

Shiba Inu SHIB was down by 6.15 per cent to $0.00002344.

Decentralised Finance

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

Yearn.Finance YFI was down by 5.52 per cent to $6,740.75 in the last 24 hours. Its 24-hour trading volume was $14.84 million

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