Crypto Market Rises Marginally, Trading Volume Gains

Bitcoin was up by 3.21 per cent, while Ethereum was up by 2.42 per cent. Bitcoin BTC was the most trending, while Lido DAO LDO was the top gainer and dogwifhat WIF was the top loser.
Crypto Market Rises Marginally
Crypto Market Rises Marginally

The global crypto market increased marginally on Monday. The total market cap was up by 1.89 per cent to $2.26 trillion, while the total trading volume was up by 41.7 per cent to $52.35 billion. Bitcoin BTC was the most trending cryptocurrency. It was up by 3.21 per cent to $62,782.01. Its 24-hour trading volume was $611.69 million. Lido DAO LDO was the top gainer. It was up by 2.30 per cent. Its 24-hour trading volume was 64.88 million. dogwifhat WIF was the top loser. It was down by 10.83 per cent. Its 24-hour trading volume was $585.28 million.

DeFi was down by 1.73 per cent to $6.04 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "The current Bitcoin price stands at $61,154, up 0.60% in 24 hours, with robust trading volume surpassing $13 billion and a market cap nearing $1.2 trillion. Bulls are staunchly defending the $61,000 support level, pivotal for sustaining momentum. Presently at $60,975, resistance levels at $63,400, $65,050, and $67,160 await convincing breaches. Conversely, support lies at $59,075, $56,640, and $54,400. Technical indicators present a mixed picture: RSI at 45 suggests equilibrium, while the 50-day EMA at $61,875 hints at a bearish bias. Sustained closure above this moving average could pose challenges for Bitcoin's upward trajectory."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 3.21 per cent to $62,782.01. Its 24-hour trading volume was $19.82 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 2.34 per cent to $2,927.46 from the previous day. Its 24-hour trading volume was $8.80 billion. Ethereum’s market dominance was 16.5 per cent.

Tether: Tether USDT was trading at $0.9996. It was up by 0.01 per cent. Its 24-hour trading volume was $34.69 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 0.53 per cent to 141.82. Its 24-hour trading volume was $1.60 billion.

Avalanche AVAX was trading at $32.93, up by 1.26 per cent. Its 24-hour trading volume was $241.99 million.

Cardano ADA was up by 2.07 per cent to $0.4408 from the previous day. Its 24-hour trading volume was $298.14 million.

Meme Coins

Dogecoin DOGE was down by 3.32 per cent, with a 24-hour price of $0.145.

Shiba Inu SHIB was up by 5.91 per cent to $0.0000237.

Decentralised Finance

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

Yearn.Finance YFI was down by 0.75 per cent to $6,764.46 in the last 24 hours. Its 24-hour trading volume was $13.60 million.

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