Crypto Market Rises Marginally, Trading Volume Increases 30 Per cent; Bitcoin, Ethereum Up

The global crypto market increased marginally on Wednesday. The total market cap was up by 1.70 per cent to $2.98 trillion, even as the total trading volume was up by 30.37 per cent to $82.61 billion.

Bitcoin BTC was the most trending cryptocurrency. It was down by 2.20 per cent to $96,522.63. Its 24-hour trading volume was $32.58 billion. Litecoin LTC was the top gainer. It was up by 11.38 per cent, and its 24-hour trading volume was $860.79 million. Virtuals Protocol VIRTUAL was the top loser. It was down by 15.07 per cent, and its 24-hour trading volume was $498.97 million.

DeFi was up by 0.04 per cent to $4.62 billion, Coinmarketcap.com reported.

According to CoinDCX research team, The crypto markets experienced a strong recovery just before the day’s close as Bitcoin price climbed above $97,700 from the lows around $93,400. With this, the crypto market capitalization is an inch away from reclaiming the $3 trillion mark. However, Ethereum, Solana, and XRP. Dogecoin & BinanceCoin surged marginally but are yet to validate a rise from the consolidated zone. Besides, Binance founder CZ predicts the BTC price could top between $500K and $1M this cycle.

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin was up by 2.20 per cent to $96,522.63. Its 24-hour trading volume was $32.58 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 up by 1.38 per cent to $1,829.28. Its 24-hour trading volume was $15.33 billion, and its market dominance was 14.26 per cent.

Tether: Tether USDT was trading at $0.9998. It was up by 0.00 per cent. Its 24-hour trading volume was $63.54 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana was up by 0.75 per cent to $144.46. Its 24-hour trading volume was $3.07 billion.

Avalanche AVAX was trading at $19.74, down by 0.21 per cent. Its 24-hour trading volume was $249.37 million.

Cardano ADA was trading at $0.6751, up by 2.12 per cent. Its 24-hour trading volume was $635.44 million.

Meme Coins

Dogecoin was up by 1.75 per cent, with a 24-hour price of $0.1721.

Shiba Inu was up by 0.89 per cent to $0.00001274.

Decentralised Finance

DeFi Coin was down by 7.42 per cent, and it was trading at $0.004618.

Yearn Finance was down by 1.31 per cent to $5,139.69, with a 24-hour trading volume of $13.72 million.