The global crypto market declined marginally on Thursday. The total market cap was down by 0.65 per cent to $3.43 trillion. The total trading volume was also down by 0.59 per cent to $128.95 billion.
Crypto Market Declines Marginally, Trading Volume Dips; Bitcoin Down, Ethereum Up
Bitcoin was down by 1.21 per cent, while Ethereum was up by 3.49 per cent. Stella ALPHA was the most trending cryptocurrency while Uniswap UNI was the top gainer, and Hyperliquid HYPE was the top loser
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Stella ALPHA was the most trending cryptocurrency. It was down by 0.73 per cent to $0.2926. Its 24-hour trading volume was $7.92 billion. Uniswap UNI was the top gainer. It was up by 10.19 per cent, and its 24-hour trading volume was $881.24 million. Hyperliquid HYPE was the top loser. It was down by 6.68 per cent, and its 24-hour trading volume was $321.17 million.
DeFi was up by 0.01 per cent to $40.92 billion, Coinmarketcap.com reported.
Alankar Saxena, co-founder and CTO of Mudrex said Bitcoin bounced back above the $107,200-mark after testing support near the $106,800-level. The market is now preparing for the $5 billion in liquidity expected from FTX’s upcoming creditor payouts. This liquidity is likely to flow into assets like Bitcoin and Ethereum, helping them push beyond the resistance levels.
“Some $2.4 billion in Ether options will expire this week, which could support Ethereum’s attempt to break above the $3,000-mark. Additionally, macroeconomic data, such as the US jobless claims and GDP data scheduled for later today, could further influence market sentiment,” he said.
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 1.21 per cent to $107,647.19. Its 24-hour trading volume was $51.36 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.6 per cent.
Ethereum: Ethereum ETH was up by 3.49 per cent to $2,732.64. Its 24-hour trading volume was $25.69 billion, and its market dominance was 9.3 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.03 per cent. Its 24-hour trading volume was $85.07 billion. It is currently ranked third on Coinmarketcap.
Meme Coins
Dogecoin was up by 0.17 per cent, with a 24-hour price of $0.2246.
Shiba Inu was up by 0.35 per cent to $0.00001439.
Decentralised Finance
DeFi Coin was up by 2 per cent, and it was trading at $0.004214.
Yearn Finance was down by 0.48 per cent to $5,627.62, with a 24-hour trading volume of $16.87 million.
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