Crypto Market Increased Marginally, Trading Volume Gains; Bitcoin, Ethereum Up

Bitcoin was up by 5.74 per cent, while Ethereum was up by 16.24 per cent. Notcoin NOT was the most trending, while Lido DAO was the top gainer and Arweave AR was the top loser.
Crypto Market Gains Marginally
Crypto Market Gains Marginally

The global crypto market Increased marginally on Tuesday. The total market cap was up by 6.72 per cent to $2.6 trillion, while the total trading volume was up by 131.51 per cent to $131.75 billion. Notcoin NOT was the most trending cryptocurrency. It was up by 2.76 per cent to $0.005724. Its 24-hour trading volume was $171.58 million. Lido DAO was the top gainer. It was up by 29.72 per cent. Its 24-hour trading volume was $343.00 million. Arweave AR was the top loser. It was down by 7.04 per cent. Its 24-hour trading volume was $185.99 million.

DeFi was down by 1.35 per cent to $5.47 billion, Coinmarketcap.com reported.

Rajagopal Menon, VP, WazirX said, "Ethereum surged 9% in a strong day for cryptocurrencies. This move comes as investors keep a close eye on the U.S. Securities and Exchange Commission (SEC) for potential approvals of spot Ethereum ETFs. The broader market joined the rally, with the total market cap breaking through $2.5 trillion, a gain of over 6% in a single day."

He further mentioned, "Bitcoin also saw a significant upswing, rising 6% on the back of renewed buying pressure and a rise in investment flowing into spot Bitcoin ETFs. This positive sentiment seems to defy recent anxieties surrounding Bitcoin's historical tendency to remain in a consolidation phase during this period. Overall, the market is experiencing a surge in optimism, shaking off earlier skepticism."

Rajagopal Menon, VP, WazirX said, "Ethereum surged 9% in a strong day for cryptocurrencies. This move comes as investors keep a close eye on the U.S. Securities and Exchange Commission (SEC) for potential approvals of spot Ethereum ETFs. The broader market joined the rally, with the total market cap breaking through $2.5 trillion, a gain of over 6% in a single day."

He further mentioned, "Bitcoin also saw a significant upswing, rising 6% on the back of renewed buying pressure and a rise in investment flowing into spot Bitcoin ETFs. This positive sentiment seems to defy recent anxieties surrounding Bitcoin's historical tendency to remain in a consolidation phase during this period. Overall, the market is experiencing a surge in optimism, shaking off earlier skepticism."

Other Altcoins

Solana SOL was up by 2.53 per cent to $181.83. Its 24-hour trading volume was $4.89 billion.

Avalanche AVAX was trading at $40.78, up by 12.00 per cent. Its 24-hour trading volume was $789.61 million.

Cardano ADA was up by 4.03 per cent to $0.4959 from the previous day. Its 24-hour trading volume was $607.66 million.

Meme Coins

Dogecoin DOGE was up by 5.94 per cent, with a 24-hour price of $0.1618.

Shiba Inu SHIB was up by 4.08 per cent to $0.00002527.

Decentralised Finance

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

Yearn.Finance YFI was up by 3.74 per cent to $7,188.00 in the last 24 hours. Its 24-hour trading volume was $27.80 million.

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