Crypto Market Cap Gains Today; Bitcoin Trades Above $110,000, Ethereum Stays Under $4,400

Bitcoin traded above $110,000 on Tuesday, signalling a rebound after dipping to around $107,000 yesterday. At the time of writing, the total crypto market cap saw a marginal gain of 1.85 per cent to $3.80 trillion, while the 24-hour trading volume increased by 29.52 per cent to $167.84 billion.

Bitcoin BTC was the most trending cryptocurrency. Its price was up by 2.28 per cent to $110,174.79, and its 24-hour trading volume was $65.74 billion. MemeCore M was the top gainer. It was up by 33.11 per cent, while its 24-hour trading volume was $25.31 million. Cronos CRO was the top loser. It was down by 5.03 per cent, while its 24-hour trading volume was $205.80 billion.

The DeFi market cap was at $41.19 billion, Coinmarketcap.com reported.

Edul Patel, CEO of Mudrex said, “Bitcoin is showing early signs of recovery, trading above $109,500 with a 2 per cent rebound from the support zone. While capital rotation pressure continues, on-chain data shows a bullish trend. Bitcoin exchange reserves have dropped to a seven-year low, signalling strong investor conviction and easing of immediate sell-side pressure. On the other hand, Ethereum is trading in a tight range of around $4,300, as whale inflows are yet to contribute to the price action. Reclaiming the $4,600 levels could put Ethereum back in the bullish zone, while strong support lies near the $4,200-mark.”

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices increased by 2.28 per cent to $110,174.79. Its 24-hour trading volume was $65.74 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 57.40 per cent.

Ethereum (ETH): Ethereum prices were down by 0.15 per cent to $4,382.59. Its 24-hour trading volume was $36.79 billion. Its market dominance was 14.20 per cent.

Tether (USDT): Tether was trading at $1, up by 0.01 per cent. Its 24-hour trading volume was $118.96 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

XRP XRP prices were up by 2.96 per cent to $2.80. Its 24-hour trading volume was $7.01 billion.

Solana SOL prices were up by 2.49 per cent to $202.82. Its 24-hour trading volume was $6.68 billion.

Cardano ADA was trading at $0.8178, up by 2.12 per cent. Its 24-hour trading volume was $1.46 billion.

Avalanche AVAX was trading at $23.94, up by 4.11 per cent. Its 24-hour trading volume was $737 million.

Meme Coins

Dogecoin DOGE was up by 2.52 per cent, with a 24-hour price of $0.2137.

Shiba Inu SHIBA was up by 2.86 per cent to $0.00001227.

Decentralised Finance

DeFi Coin was down by 1.48 per cent and it was trading at $0.002293.

Yearn Finance was up by 2.95 per cent to $5,166.07, with a 24-hour trading volume of $15.18 million.