Crypto Market Rises Marginally, Trading Volume Dips; Bitcoin, Ethereum Up

The global crypto market increased marginally on Wednesday. The total market cap was up by 1.47 per cent to $3.39 trillion, even as the total trading volume was down by 5.49 per cent to $122.61 billion.

OFFICIAL TRUMP TRUMP was the most trending cryptocurrency as well as the top gainer. It was up by 14.55 per cent to $12.89. Its 24-hour trading volume was $1.65 billion. Pyth Network PYTH was the top loser. It was down by 4.35 per cent, and its 24-hour trading volume was $132.32 million.

DeFi was up by 0.27 per cent to $34.36 billion, Coinmarketcap.com reported.

CoinDCX Research team said that Bitcoin is inching close to its all-time high after the bulls managed to revamp a strong rise before the day’s close. Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference. Meanwhile, the other altcoins experience a small rise, including Ethereum, which is hovering around $2,550.

“Big moves could be on the horizon, as some rumors suggest Coinbase could acquire USDC issuer Circle, despite plans for initial public offering (IPO). Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor’s approval, it added.”

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 1.37 per cent to $107,416.25. Its 24-hour trading volume was $51.38 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.40 per cent.

Ethereum: Ethereum ETH was up by 1.63 per cent to $2,590.97. Its 24-hour trading volume was $21.60 billion, and its market dominance was 9.10 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.03 per cent. Its 24-hour trading volume was $83.35 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana was up by 0.94 per cent to $171.04. Its 24-hour trading volume was $3.55 billion.

Avalanche AVAX was trading at $22.81, up by 1.25 per cent. Its 24-hour trading volume was $366.32 million.

Cardano ADA was trading at $0.7612, up by 2.39 per cent. Its 24-hour trading volume was $731.26 million.

Meme Coins

Dogecoin was up by 2.62 per cent, with a 24-hour price of $0.2323.

Shiba Inu was up by 0.96 per cent to $0.00001483.

Decentralised Finance

DeFi Coin was up by 37.72 per cent, and it was trading at $0.004523.

Yearn Finance was up by 2.62 per cent to $5,723.59, with a 24-hour trading volume of $21.55 million.