Bitcoin Price Hovers At $103,000 Amid Market Dip, Trading Volume Surges 40 Per Cent

The global crypto market declined slightly on Friday, with Bitcoin prices slipping to the $103,000-mark. At the time of writing, the total market cap was down by 1.79 per cent to $3.23 trillion, while the 24-hour crypto trading volume gained by 39.59 per cent to $211.33 billion.

Bitcoin BTC was the most trending cryptocurrency. Its price was down by 1.05 per cent to $103,503.38. Its 24-hour trading volume was $60.91 million. Fartcoin FARTCOIN was the top gainer, up by 3.55 per cent, with a 24-hour trading volume of $411.95 million, while OFFICIAL TRUMP TRUMP was the top loser. It was down by 10.69 per cent, and its 24-hour trading volume was $874.54 million.

The DeFi market cap was at $38.17 billion, Coinmarketcap.com reported.

The crypto market saw a temporary pullback with Bitcoin trading around $103,500 after testing the $100,400 support. However, on-chain data shows strong bullish activity, with Bitcoin network activity surging to a record 556,830 new wallets in a day. Typically, rising network growth and token circulation are bullish indicators, pointing to a renewed interest and broader utility.

“The dollar fell to its 3-year low against the euro and the pound, increasing Bitcoin’s appeal as a store of value. All eyes are now on the upcoming US jobs report, which could support a US Federal Reserve rate cut and drive fresh momentum across the market,” said Edul Patel, co-founder and CEO of Mudrex.

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices were down by 1.05 per cent to $103,503.38. Its 24-hour trading volume was $62.11 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.60 per cent.

Ethereum (ETH): Ethereum prices were down by 5.75 per cent to $2,459.55. Its 24-hour trading volume was $29.16 billion, and its market dominance was 9.30 per cent.

Tether (USDT): Tether was trading at $1. It was up by 0.07 per cent. Its 24-hour trading volume was $97.97 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana prices were down by 3.97 per cent to $147.83. Its 24-hour trading volume was $4.81 billion.

Avalanche AVAX was trading at $19.44, down by 4.77 per cent. Its 24-hour trading volume was $484.34 million.

Cardano ADA was trading at $0.6408, down by 5.61 per cent. Its 24-hour trading volume was $935.7 million.

Meme Coins

Dogecoin was down by 7.69 per cent, with a 24-hour price of $0.1758.

Shiba Inu was down by 5.11 per cent to $0.00001223.

Decentralised Finance

DeFi Coin was down by 6.12 per cent, and it was trading at $0.002780.

Yearn Finance was down by 1.74 per cent to $5,087.09, with a 24-hour trading volume of $18.89 million.