Crypto Market Dips Marginally, Trading Volume Gains 10 Per Cent; Bitcoin, Ethereum Down

The global crypto market decreased marginally at the time of writing an article on Monday, with the total market cap down by 2.66 per cent to $3.18 trillion and the total trading volume up by 10.90 per cent to $137.38 billion.

Bitcoin BTC was the most trending cryptocurrency. It was down by 1.19 per cent to $95,375.85. Its 24-hour trading volume was $20.21 billion. Sonic (prev. FTM) S was the top gainer. It was up by 6.78 per cent. Its 24-hour trading volume was $307.94 million. Raydium RAY was the top loser. It was down by 23.37 per cent. Its 24-hour trading volume was $194.32 million.

DeFi was down by 1.88 per cent to $6.43 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "The price of bitcoins was reflected over $ 95,000 after a 3% drop lowered by the Hack bybit Exchange. Bitcoin remains technically in a critical zone and trades between $ 93,725 and $ 96,763. If BTS exceeds $ 97,000, it can approach a $ 100,000 milestone, with a potential bull momentum indicating $ 130,000 as a goal. for 55 seconds After a 3% drop in the middle of the recent hack on the Byit, bitcoins stabilized above $ 95,000, renewing investors' confidence. Within 48 hours, 200,000 new BTC wallets appeared, signaling an increase in new interest. Technical analysis shows that bitcoins are traded between $ 93,725 and $ 96,763, with a resistance of almost $ 97,000. Escape could drive bitcoins to $ 100,000 or even $ 130,000."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was down by 1.19 per cent to $95,375.85. Its 24-hour trading volume was $20.21 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 1.64 per cent to $2,709.21 from the previous day. Its 24-hour trading volume was $22.9 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $0.9998. It was down by 0.02 per cent. Its 24-hour trading volume was $61.09 billion. It is currently ranked fourth on Coinmarketcap.

Other Altcoins

Solana SOL was down by 5.63 per cent to $160.45. Its 24-hour trading volume was $2.22 billion.

Avalanche AVAX was trading at $23.92, down by 6.72 per cent. Its 24-hour trading volume was $293.56 million.

Cardano ADA was down by 3.96 per cent to $0.7384 from the previous day. Its 24-hour trading volume was $552.22 million.

Meme Coins

Dogecoin DOGE was down by 5.74 per cent, with a 24-hour price of $0.2296.

Shiba Inu SHIB was down by 4.08 per cent to $0.00001491.

Decentralised Finance

DeFi coin was trading at $0.01288, up by 10.37 per cent.

Yearn Finance YFI was down by 3.02 per cent to $5,770.47 in the last 24 hours. Its 24-hour trading volume was $22.92 million.