Crypto Market Declines, Trading Volume Surges 40 Per Cent; Bitcoin, Ethereum Down

The global crypto market decreased on Monday, with the total market cap down by 0.68 per cent to $2.74 trillion. The total trading volume was up by 40.44 per cent to $66.34 billion.

Bitcoin BTC was the most trending cryptocurrency. It was down by 0.63 per cent to $83,674.72. Its 24-hour trading volume was $23.30 billion. BinaryX BNX was the top gainer. It was up by 46.35 per cent. Its 24-hour trading volume was $301.81 million. Movement MOVE was the top loser. It was down by 6.75 per cent. Its 24-hour trading volume was $68.63 million.

DeFi was up by 2.76 per cent to $5.73 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin remains below $85K amid $945M BTC-spot ETF outflows, marking five weeks of institutional sell-offs. Reflecting investor caution over Trump’s tariffs, recession fears, and regulatory risks. Despite this, BTC rebounded 4.33%, driven by optimism surrounding Senator Cynthia Lummis’ Bitcoin Act, which proposes US government BTC accumulation. Technical indicators show bearish short-term signals, with BTC below the 50-day EMA but above the 200-day EMA. A breakout above $86,263 could push BTC to $90K+, while a drop below $80K risks testing March lows of $76,642."

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin was down by 0.63 per cent to $83,674.72. Its 24-hour trading volume was $23.11 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 0.91 per cent to $1,906.70. Its 24-hour trading volume was $9.92 billion, and its market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $1.00. It was up by 0.01 per cent. Its 24-hour trading volume was $52.06 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana was down by 4.65 per cent to $128.91. Its 24-hour trading volume was $2.59 billion.

Avalanche AVAX was trading at $18.68, down by 5.08 per cent. Its 24-hour trading volume was $229.52 million.

Cardano ADA was trading at $0.7164, down by 3.34 per cent. Its 24-hour trading volume was $824.75 million.

Meme Coins

Dogecoin was down by 1.17 per cent, with a 24-hour price of $0.1728.

Shiba Inu was up by 3.63 per cent to $0.00001336.

Decentralised Finance

DeFi Coin was down by 7.48 per cent, and it was trading at $0.005110.

Yearn Finance was down by 2.64 per cent to $4,997.56, with a 24-hour trading volume of $22.59 million.