Crypto Market Rises Marginally
Crypto Market Rises Marginally

Crypto Market Rises Marginally, Trading Volume Declines 3.79%; Bitcoin, Ethereum Up

Bitcoin was up by 1.36 per cent, while Ethereum was up by 2.66 per cent. Voxies VOXEL was the most trending, while Worldcoin WLD was the top gainer and Bonk BONK was the top loser.

The global crypto market increased marginally on Monday. The total market cap was up by 1.85 per cent to $2.38 trillion, while the total trading volume was down by 7.97 per cent to $49.51 billion. Voxies VOXEL was the most trending cryptocurrency. It was down by 2.14 per cent to $0.2385. Its 24-hour trading volume was $4.21 million. Worldcoin WLD was the top gainer. It was up by 14.55 per cent. Its 24-hour trading volume was $467.58 million. Bonk BONK was the top loser. It was down by 1.39 per cent. Its 24-hour trading volume was $216.81 million.

DeFi was up by 2.38 per cent to $5.02 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is indeed showing remarkable resilience, with its current price of $64,265 marking a 1.20% increase in the last 24 hours. Technical analysis indicates bullish momentum, supported by breaching the 50-day EMA at $61,999 and a "three white soldiers" candlestick pattern. Key resistance levels at $66,796 and $69,328 are potential targets, with $61,735 serving as crucial support. Despite a descending channel around $63,200, a breakout could drive Bitcoin towards higher resistances. Support levels at $59,550 and $56,625 provide stability on the downside. The RSI at 61 suggests further upside potential without being overbought. Overall, Bitcoin appears strong, particularly if it maintains levels above $64,365."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.36 per cent to $64,253.29. Its 24-hour trading volume was $18.22 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 52.7 per cent.

Ethereum: Ethereum ETH was up by 2.66 per cent to $3175.59 from the previous day. Its 24-hour trading volume was $8.87 billion. Ethereum’s market dominance was 16.5 per cent.

Tether: Tether USDT was trading at $1.00. It was down by 0.05 per cent. Its 24-hour trading volume was $36.56 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 2.69 per cent to $149.02. Its 24-hour trading volume was $1.35 billion.

Avalanche AVAX was trading at $37.90, up by 2.08 per cent. Its 24-hour trading volume was $296.51 million.

Cardano ADA was up by 1.48 per cent to $0.4632 from the previous day. Its 24-hour trading volume was $228.05 million.

Meme Coins

Dogecoin DOGE was up by 2.28 per cent, with a 24-hour price of $1.64

Shiba Inu SHIB was up by 1.43 per cent to $0.00002489.

Decentralised Finance

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

Yearn.Finance YFI was up by 2.59 per cent to $7,060.72 in the last 24 hours. Its 24-hour trading volume was $15.99 million.

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