The global crypto market gained marginally on Wednesday. The total market cap was up by 0.92 per cent to $2.15 trillion, while the total trading volume was down by 13.24 per cent to 94.11 billion.
Pepe PEPE was the most trending cryptocurrency. It was up by 25.57 per cent to $0.000002631. Its 24-hour trading volume was 1.39 million. Arweave AR was the top gainer, up by 42.55 per cent. Its 24-hour trading volume was $331.79 million. Pyth Network PYTH was the top loser, down by 12.32 per cent. Its 24-hour trading volume was $333.57 million.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's recent surge to over $1 trillion in market capitalization has sparked discussions about its potential trajectory, with some predicting a climb to $250,000. Technical analysis suggests immediate resistance levels at $57,486, $58,793, and $60,094, with support at $55,003, $54,184, and $53,445. The RSI indicates overbought conditions, signalling a possible correction. Fibonacci retracement analysis suggests a retracement to $55,928 and potentially $54,980. The 50-day EMA at $52,460 provides historical support. While vigilance is advised above $55,922, caution is warranted due to high RSI readings. Additionally, Green Bitcoin introduces Gamified Green Staking, emphasizing sustainability and community engagement through various initiatives, offering a unique investment opportunity in the crypto market."
DeFi was up by 0.93 per cent to $8.14 billion, Coinmarketcap.com reported
Bitcoin: Bitcoin BTC was up by 10.62 per cent to $57,230.64. Its 24-hour trading volume was $39.01 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.1 per cent.
Ethereum: Ethereum ETH was up by 0.88 per cent to $3,261.12 from the previous day. Its 24-hour trading volume was $16.87 billion. Ethereum’s market dominance was 18.2 per cent.
Tether: Tether USDT was trading at $1, up by 0.04 per cent. Its 24-hour trading volume was 68.04 billion. It is ranked third on Coinmarketcap.
Solana SOL was up by 2.24 per cent to $108.71. Its 24-hour trading volume was $2.15 billion.
Avalanche AVAX was trading at $39.24, down by 0.37 per cent. Its 24-hour trading volume was $454.55 million.
Cardano ADA was down by 0.72 per cent to $0.6194 from the previous day. Its 24-hour trading volume was $629.51 million.
Dogecoin DOGE was up by 4.99 per cent, with a 24-hour price of $0.09524.
Shiba Inu SHIB was up by 4.88 per cent to $0.00001074.
DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI was down by 1.05 per cent to $8,341.00 in the last 24 hours. Its 24-hour trading volume was $36.33 million.
