Crypto Market Gains Marginally
Crypto Market Gains Marginally

Crypto Market Rises Marginally Even As Trading Volume Dips; Bitcoin Up, Ethereum Down

Bitcoin was down by 0.28 per cent, while Ethereum was up by 3.35 per cent. zkSync ZK was the most trending cryptocurrency, while Lido Dao was the top gainer and Toncoin TON was the top loser.

The global crypto market increased marginally on Wednesday. The total market cap was up by 0.94 per cent to $2.39 trillion, even as the total trading volume was down by 6.92 per cent to $89 billion. zkSync ZK was the most trending cryptocurrency. It was up by 6.09 per cent to $0.2219. Its 24-hour trading volume was $755.17 million. Lido DAO was the top gainer. It was up by 21.59 per cent. Its 24-hour trading volume was 306.52 million. Toncoin TON was the top loser. It was down by 5.81 per cent. Its 24-hour trading volume was 418.11 million.

DeFi was up by 0.91 per cent to $6.62 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "BTC fell 0.5% to $65,617 in the last day, with a weekly loss of 2.5% and 5% over two weeks. BTC is still up 146% year-to-date, boosted by demand for ETFs, and has rebounded from the $64,500 support level. Indicators such as a rising RSI indicate renewed momentum. Whales are accumulating BTC, anticipating a recovery potentially fueled by the upcoming Ethereum ETF and a possible Fed rate cut by winter. BTC could climb to $70,000 by the end of the summer and $80,000 by the New Year."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.28 per cent to $65,437.33. Its 24-hour trading volume was $35.27 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 54.2 per cent.

Ethereum: Ethereum ETH was up by 3.35 per cent to $3,559.46 from the previous day. Its 24-hour trading volume was $19.43 billion. Ethereum’s market dominance was 18.3 per cent.

Tether: Tether USDT was trading at $0.9998. It was down by 0.02 per cent. Its 24-hour trading volume was $68.37 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 2.56 per cent to $140.41. Its 24-hour trading volume was $3.09 billion.

Avalanche AVAX was trading at $27.17, up by 2.40 per cent. Its 24-hour trading volume was 313.92 million.

Cardano ADA was up by 3.83 per cent to $0.3945 from the previous day. Its 24-hour trading volume was $421.67 million.

Meme Coins

Dogecoin DOGE was up by 3.50 per cent, with a 24-hour price of $0.1261.

Shiba Inu SHIB was up by 4.28 per cent to $0.00001889.

Decentralised Finance

DeFi coin was trading at $0.04486, up by 8.56 per cent.

Yearn.Finance YFI was up by 4.41 per cent to $5,958.01 in the last 24 hours. Its 24-hour trading volume was $33.61 million.

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