Crypto Market Gains Marginally; Bitcoin, Ethereum Fall
The global crypto market gained marginally on Friday. The total market cap was down by 0.73 per cent to $2.29 trillion, while the total trading volume was down by 26.63 per cent to 143.33 billion. Pepe PEPE was the most trending as well as the top loser cryptocurrency. It was down by 12.07 per cent to $0.000002763 . Its 24-hour trading volume was 696.22 million. Fetch.ai FET was the top gainer, up by 21.01 per cent. Its 24-hour trading volume was $494.53 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "In the realm of cryptocurrency, Peter Brandt's latest forecast has injected a fresh dose of optimism into the Bitcoin landscape. Proposing a bold trajectory, Brandt predicts a remarkable climb for Bitcoin, setting sights on a lofty $200,000 mark by 2025. Shared via Twitter, Brandt's analysis accentuates Bitcoin's recent breakthrough above a 15-month trading channel, hinting at unprecedented growth potential. Yet, amidst the excitement, Brandt offers a cautionary note: a close below the previous week's low could cast doubt on this bullish projection, highlighting the inherent volatility of crypto markets. Presently trading at $60,750 in the US session, Bitcoin confronts resistance levels at $63,927, $66,524, and $69,093, while support zones at $58,982, $56,103, and $53,372 serve as potential fallbacks in case of a reversal."
DeFi was up by 0.68 per cent to $10.31 billion, Coinmarketcap.com reported.
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 2.39 per cent to $61,442.70. Its 24-hour trading volume was $58.28 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.8 per cent.
Ethereum: Ethereum ETH was down by 2.68 per cent to $3,382.98 from the previous day. Its 24-hour trading volume was $25.32 billion. Ethereum’s market dominance was 17.7 per cent.
Tether: Tether USDT was trading at $0.9998, up by 0.06 per cent. Its 24-hour trading volume was 101.62 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL was up by 7.87 per cent to $13.4.18 Its 24-hour trading volume was $6.91 billion.
Avalanche AVAX was trading at $42.72, up by 2.42 per cent. Its 24-hour trading volume was $1.03 billion.
Cardano ADA was up by 0.31 per cent to $0.6712 from the previous day. Its 24-hour trading volume was $1.52 billion.
Meme Coins
Dogecoin DOGE was down by 5.96 per cent, with a 24-hour price of $0.1203.
Shiba Inu SHIB was down by 5.85 per cent to $0.00001268.,
Decentralised Finance
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was down by 0.13 per cent to $8,783.86 in the last 24 hours. Its 24-hour trading volume was $48.04 million.
