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

Bitcoin was up by 2.20 per cent while Ethereum was up by 1.38 per cent. Bitcoin BTC was the most trending cryptocurrency while Litecoin LTC was the top gainer, and Virtuals Protocol VIRTUAL was the top loser

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.

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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.

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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.

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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.

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