Bitcoin Trades Above USD 109,000, Ethereum at USD 2,600 as Crypto Market Rises

Bitcoin Trading Above $109,000 on Tuesday as the global cryptocurrency market cap saw a marginal rise. At the time of writing, the total market capitalization gained by 3.88 to $3.41 trillion, while the 24-hour trading volume increased by 38.43 per cent to $131.49 billion.

MultiversX EGLD was the most trending cryptocurrency. Its price was up by 4.77 per cent to $15.61. Its 24-hour trading volume was $22.97 million. Fartcoin FARTCOIN was the top gainer, up by 21.98 per cent, with a 24-hour trading volume of $249.83 million, while AB AB was the top loser. It was down by 3.58 per cent, and its 24-hour trading volume was $112.91 million.

The DeFi market cap was at $37.64 billion, Coinmarketcap.com reported.

CoinSwitch said that Bitcoin soared 3.7 per cent over the past 24 hours, crossing above $109,000 and nearing its all-time high, as leveraged traders were caught off guard. Over $110 million in short positions were liquidated within an hour, with a total of $330 million in shorts wiped out over the course of the day.

“Despite the surge, QCP Capital flagged signs of “fatigue,” noting that implied volatility is at one-year lows and warning that a decisive break above $110K or below $100K will be needed to sustain momentum. Ethereum followed suit, climbing approximately 8 per cent above the $2,540–2,620 resistance zone, buoyed by $295 million in weekly institutional inflows into ETH spot ETFs, marking the highest weekly figure among all crypto assets,” it added.

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices were up by 3.64 per cent to $109,310.60. Its 24-hour trading volume was $59.30 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 up by 7.54 per cent to $2,671.32. Its 24-hour trading volume was $25.67 billion, and its market dominance was 9.30 per cent.

Tether (USDT): Tether was trading at $1. It was down by 0.05 per cent. Its 24-hour trading volume was $85.40 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana prices were up by 5.28 per cent to $157.99. Its 24-hour trading volume was $1.60 billion.

Avalanche AVAX was trading at $21.65, up by 6.37 per cent. Its 24-hour trading volume was $441.38 million.

Cardano ADA was trading at $0.6990, up by 6.08 per cent. Its 24-hour trading volume was $716.27 million.

Meme Coins

Dogecoin was up by 5.75 per cent, with a 24-hour price of $0.1912.

Shiba Inu was up by 4.07 per cent to $0.00001287.

Decentralised Finance

DeFi Coin was up by 1.22 per cent, and it was trading at $0.002624.

Yearn Finance was up by 4.22 per cent to $5,323.23, with a 24-hour trading volume of $16.43 million.