The global crypto market decreased marginally on Monday. The total market cap was down by 0.94 per cent to $2.95 trillion, even as the total trading volume was up by 12.20 per cent to $56.3 billion.
Crypto Market Declines Marginally, Trading Volume Up 12 Per cent; Bitcoin, Ethereum Down
Bitcoin was down by 1.24 per cent while Ethereum was down by 0.67 per cent. Bitcoin was the most trending cryptocurrency while Walrus WAL was the top gainer, and Ethereum Name Service ENS was the top loser
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Bitcoin BTC was the most trending cryptocurrency. It was down by 1.24 per cent to $94,718.05. Its 24-hour trading volume was $20.88 billion. Walrus WAL was the top gainer. It was up by 13.12 per cent, and its 24-hour trading volume was $73.22 million. Ethereum Name Service ENS was the top loser. It was down by 6.18 per cent, and its 24-hour trading volume was $78.05 million.
DeFi was up by 3.28 per cent to $4.30 billion, Coinmarketcap.com reported.
According to Coinswitch Market Desk, the market exhibited a blend of optimism and caution. Bitcoin tested the $97,000 support level before returning to $94,500, buoyed by positive sentiment surrounding potential US-China trade negotiations and robust institutional demand. Additionally, traditional markets also exhibited a positive trend with the S&P 500 and the Nasdaq composite, both closing the week with a gain of 1.5 per cent.
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Cryptocurrency Prices
Bitcoin (BTC): Bitcoin was down by 1.24 per cent to $94,718.05. Its 24-hour trading volume was $20.88 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 60.40 per cent.
Ethereum (ETH): Ethereum was down by 0.67 per cent to $1,827.38. Its 24-hour trading volume was $9.39 billion, and its market dominance was 14.26 per cent.
Tether: Tether USDT was trading at $0.9999. It was down by 0.03 per cent. Its 24-hour trading volume was $43 billion. It is currently ranked third on Coinmarketcap.
Other Altcoins
Solana was up by 1.06 per cent to $146.90. Its 24-hour trading volume was $1.85 billion.
Avalanche AVAX was trading at $19.97, down by 0.95 per cent. Its 24-hour trading volume was $192.52 million.
Cardano ADA was trading at $0.6850, down by 1.82 per cent. Its 24-hour trading volume was $661.89 million.
Meme Coins
Dogecoin was down by 0.90 per cent, with a 24-hour price of $0.1733.
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Shiba Inu was down by 1.18 per cent to $0.00001294.
Decentralised Finance
DeFi Coin was up by 15.87 per cent, and it was trading at $0.005108.
Yearn Finance was down by 0.66 per cent to $5,297.73, with a 24-hour trading volume of $10.44 million.
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