Crypto Market Dips Marginally, Trading Volume Declines 37 Per Cent; Bitcoin, Ethereum Down

The global crypto market was marginally down on Wednesday, with the total market cap down by 0.60 per cent to $3.53 trillion. The total trading volume was down by 37.47 per cent to $112.94 billion.

Dogcoin DCOIN was the most trending cryptocurrency. It was up by 137.73 per cent to $0.004373. Its 24-hour trading volume was $5.33 million. Movement MOVE was the top gainer. It was up by 15.20 per cent. Its 24-hour trading volume was $777.45 million. Pudgy Penguins PENGU was the top loser. It was down by 12.03 per cent. Its 24-hour trading volume was $409.97 million.

DeFi was down by 1.82 per cent to $7.76 billion, Coinmarketcap.com reported.

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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin showed a slight positivity during the early Tuesday hours, after a strong Monday hammer on a 50-day EMA, signalling potential for other profits. A break on Monday's maximum could focus on $ 110,000 and start another bull leg. Currently, Bitcoin Catalyst is waiting for the consolidation phase, especially in terms of American crypt policy. While the Trump administration was pro-Krypto, no significant steps were taken. The attitude of the Federal Reserve system on Wednesday could stimulate the assembly, but the expectations are cautious. Investors accumulate on DIPS and are waiting for a clearer direction of American politics and economic development."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 0.10 per cent to $102,647.52. Its 24-hour trading volume was 42.89 billion. It is currently ranked one on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 57.0 per cent.

Ethereum: Ethereum ETH was down by 1.63 per cent to $3,143.37 from the previous day. Its 24-hour trading volume was $19.75 billion. Ethereum’s market dominance was 11.6 per cent.

Tether: Tether USDT was trading at $0.9997. It was down by 0.02 per cent. Its 24-hour trading volume was $86.34 billion. It is currently ranked fourth on Coinmarketcap.

Other Altcoins

Solana SOL was down by 2.58 per cent to $233.50. Its 24-hour trading volume was $4.6 billion.

Avalanche AVAX was trading at $33.54, down by 1.59 per cent. Its 24-hour trading volume was $346.91 million.

Cardano ADA was down by 0.82 per cent to $0.9448 from the previous day. Its 24-hour trading volume was $752.1 million.

Meme Coins

Dogecoin DOGE was down by 0.64 per cent, with a 24-hour price of $0.3322.

Shiba Inu SHIB was down by 3.31 per cent to $0.00001851.

Decentralised Finance

DeFi coin was trading at $0.03379, down by 38.03 per cent.

Yearn Finance YFI was down by 0.78 per cent to $7,330.79 in the last 24 hours. Its 24-hour trading volume was $20.62 million.