Crypto Market Gains Marginally Even As Trading Volume Falls 20%; Bitcoin, Ethereum Up

Bitcoin was up by 3.21 per cent, while Ethereum was up by 2.79 per cent. Bitcoin BTC was also the most trending cryptocurrency, while Mantra OM was the top gainer and UNUS SED LEO LEO was the top loser.
Crypto price
Crypto price

The global crypto market gained marginally on Saturday. The total market cap was up by 3.72 per cent to $2.06 trillion, even as the total trading volume was down by 20.53 per cent to $94.92 billion. 

Bitcoin BTC was the most trending cryptocurrency. It was up by 3.21 per cent to $56,401.26. Its 24-hour trading volume was $40.82 billion. Mantra OM was the top gainer. It was up by 18.59 per cent. Its 24-hour trading volume was $42.83 million. UNUS SED LEO LEO was the top loser. It was down by 1.43 per cent. Its 24-hour trading volume was $3.84 million.

DeFi was up by 3.14 per cent to $6.42 billion, coinmarketcap.com reported.

Rajagopal Menon, VP, WazirX said, “Bitcoin’s long position liquidations increased due to losses piling up. In the last one month, Bitcoin has gone down by over 15 per cent. Ether saw a significant decline despite recent speculation surrounding the potential launch of a spot exchange-traded futures (ETFs). The cryptocurrency hit a low not seen in over a month, effectively erasing the gains it had accumulated in May fuelled by the ETF hype. This decline highlights the market’s current sentiment and the volatility surrounding digital assets.”

Read More: Bitcoin Miner Capitulation Signals Potential Bottom

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.21 per cent to $56,401.26. Its 24-hour trading volume was 40.82 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 up by 2.79 per cent to $2,973.78 from the previous day. Its 24-hour trading volume was $20.32 billion. Ethereum’s market dominance was 17.9 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.05 per cent. Its 24-hour trading volume was $74.28 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by $6.36 per cent to $134.68. Its 24-hour trading volume was $3.33 billion. 

Avalanche AVAX was trading at $25.40, up by 10.93 per cent. Its 24-hour trading volume was $403.02 million.

Cardano ADA was up by 4.25 per cent to $0.3489 from the previous day. Its 24-hour trading volume was $462.86 million.

Meme Coins

Dogecoin DOGE was down by 15.33 per cent, with a 24-hour price of $0.09645. 

Shiba Inu SHIB was up by 11.26 per cent to $0.0000151. 

Decentralised Finance 

DeFi coin was trading at $0.03552, up by 12.01 per cent.

Yearn.Finance YFI was up by 12.46 per cent to $5,447.01 in the last 24 hours. Its 24-hour trading volume was $38.10 million.

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