Crypto Market Declines Marginally, Trading Volume Gains; Bitcoin, Ethereum Down

The global crypto market decreased marginally on Friday, with the total market cap down by 2.11 per cent to $3.33 trillion and the total trading volume up by 3.35 per cent to $121.74 billion. EYWA EYWA was the most trending cryptocurrency. It was down by 6.19 per cent to $0.1199. Its 24-hour trading volume was 6.65 million. Bitget Token BGB was the top gainer. It was up by 16.27 per cent. Its 24-hour trading volume was $1.15 billion. Movement MOVE was the top loser. It was down by 13.09 per cent. Its 24-hour trading volume was $1.02 billion.

DeFi was up by 1.75 per cent to $9.07 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin's rally from $52,568 peaked at $1,08,367, then retraced sharply to $92,209 on 20th Dec 2024. It is now consolidating in a Flat Correction (ABC Wave) between $92,209 and $99,872. The Wave-C shows an impulsive sequence, ending with a Rising Wedge near $99,872. If Bitcoin falls below $92,209, downside targets include $83,625 and $73,555. Alternatively, if it holds above $92,209 and breaks $99,872, the uptrend may resume. The outlook for the upcoming week leans bearish if $92,209 is breached, while a strong hold above $92,209 and a breakout above $99,872 would favor the bullish scenario."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 2.30 per cent to $96,087.99. Its 24-hour trading volume was $45.93 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.59 per cent.

Ethereum: Ethereum ETH was down by 1.93 per cent to $3,376.38 from the previous day. Its 24-hour trading volume was $22.61 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $0.9986. It was down by 0.05 per cent. Its 24-hour trading volume was $100.83 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 3.11 per cent to $188.56. Its 24-hour trading volume was $2.69 billion.

Avalanche AVAX was trading at $37.36, down by 4.76 per cent. Its 24-hour trading volume was $480.86 million.

Cardano ADA was down by 3.20 per cent to $0.8671 from the previous day. Its 24-hour trading volume was $778.08 million.

Meme Coins

Dogecoin DOGE was down by 3.81 per cent, with a 24-hour price of $0.3132.

Shiba Inu SHIB was down by 2.99 per cent to $0.00002166.

Decentralised Finance

DeFi coin was trading at $$0.02358, down by 0.15 per cent.

Yearn Finance YFI was down by 3.16 per cent to $8,595.89 in the last 24 hours. Its 24-hour trading volume was $22.11 million.