Crypto Market Gains Marginally, Trading Volume Rises
Crypto Market Gains Marginally, Trading Volume Rises

Crypto Market Gains Marginally, Trading Volume increases 7.21%; Bitcoin, Ethereum Up

Bitcoin was up by 1.72 per cent, while Ethereum was up by 4.88 per cent. Kapsa KAS was the most trending cryptocurrency, while Worldcoin WLD was the top gainer and Siacoin SC was the top loser.

The global crypto market declined marginally on Monday. The total market cap was up by 2.44 per cent to $1.98 trillion, while the total trading volume was up by 7.21 per cent to 68.73 billion. Kaspa KAS was the most trending cryptocurrency. It was up by 0.08 per cent to $0.1645. Its 24-hour trading volume was $44.97 million. Worldcoin WLD was the top gainer, up by 42.49 per cent. Its 24-hour trading volume was $7.34. BitTorrent (New) BTT was the top loser, down by 5.07 per cent. Its 24-hour trading volume was $0.000001142.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Despite Bitcoin's recent price volatility, its resilience is evident as it hovers around $51,500. The alleged theft of 81 bitcoins worth $4.2 million by an Australian police officer highlights security concerns that are impacting investor confidence. However, a record $2.2 billion inflow into bitcoin ETFs shows growing institutional confidence. Mining difficulty exceeding 80 trillion before the upcoming halving event suggests potential market turmoil with projections of a 20% drop in the hash rate after the halving. Currently trading at $51,582, Bitcoin technical indicators remain flat, with resistance at $52,740 and support at $50,163. In addition, Bitcoin Minetrix, an Ethereum-based stake-to-mine platform that is nearing its fundraising goal, offers a unique opportunity with its dual-income model, which forces investors to act quickly before the expected increase in the price of the tokens."

DeFi was up by 2.67 per cent to $5.76 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.72 per cent to $52,374.75. Its 24-hour trading volume was $19.16 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 51.8 per cent.

Ethereum: Ethereum ETH was up by 4.88 per cent to $2,920.88 from the previous day. Its 24-hour trading volume was $25.60 billion. Ethereum’s market dominance was 17.7 per cent.

Tether: Tether USDT was trading at $1.00, up by 0.02 per cent. Its 24-hour trading volume was $53.12 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 3.87 per cent to $112.52. Its 24-hour trading volume was $1.59 billion.

Avalanche AVAX was trading at $40.29, up by 1.33 per cent. Its 24-hour trading volume was $449.96.

Cardano ADA was up by 0.65 per cent to $0.6262 from the previous day. Its 24-hour trading volume was $601.95 million.

Meme Coins

Dogecoin DOGE was up by 2.97 per cent, with a 24-hour price of $0.08638.

Shiba Inu SHIB was up by 1.39 per cent to $0.000009832.

Decentralised Finance

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

Yearn.Finance YFI was up by 2.57 per cent to $7,895.40 in the last 24 hours. Its 24-hour trading volume was $13.50 million.

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