Crypto Market Declines Marginally, Trading Volume Surges 15 Per Cent; Bitcoin Down, Ethereum Up

The global crypto market decreased marginally on Monday, with the total market cap down by 1.48 per cent to $3.28 trillion and the total trading volume up by 15.95 per cent to $94.66 billion. Bitcoin BTC was the most trending cryptocurrency. It was down by 1.57 per cent to $93,427.09. Its 24-hour trading volume was 33.61 billion. FTX Token FTT was the top gainer. It was up by 7.67 per cent. Its 24-hour trading volume was $100.23 million. Bitget Token BGB was the top loser. It was down by 19.51 per cent. Its 24-hour trading volume was $1.42 billion.

DeFi was down by 0.69 per cent to $9.22 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin’s price action leans bearish as it approaches key support at $92,118, following a sharp decline from its $108,364 all-time high. The EMA20 at $97,149 trends downward, acting as resistance, while the Donchian channel basis at $100,241 remains untested. Failure to reclaim these levels signals weak bullish momentum. A breakdown below $92,118 could trigger further declines toward $88,500 or $86,000. Conversely, reclaiming $97,149 and closing above $100,241 might signal a reversal. Traders should monitor these key levels closely, as ongoing bearish signals dominate Bitcoin’s short-term outlook. Caution and adaptive strategies are essential."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.57 per cent to $93,427.09. Its 24-hour trading volume was $33.61 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 up by 0.48 per cent to $3,395.55 from the previous day. Its 24-hour trading volume was $16.20 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $0.9977. It was down by 0.07 per cent. Its 24-hour trading volume was $77.26 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.81 per cent to $190.54. Its 24-hour trading volume was $2.27 billion.

Avalanche AVAX was trading at $36.28, down by 2.59 per cent. Its 24-hour trading volume was $415.27 million.

Cardano ADA was down by 1.56 per cent to $0.8716 from the previous day. Its 24-hour trading volume was $752.59 million.

Meme Coins

Dogecoin DOGE was down by 1.51 per cent, with a 24-hour price of $0.3187.

Shiba Inu SHIB was down by 2.44 per cent to $0.00002152.

Decentralised Finance

DeFi coin was trading at $0.02345, down by 2.16 per cent.

Yearn Finance YFI was down by 2.29 per cent to $8,477.63 in the last 24 hours. Its 24-hour trading volume was $17.5 million.