Bitcoin Falls to $110,000, Ethereum Dips to $4,400; Crypto Market Cap Declines

Cryptocurrency markets saw a modest decline on Tuesday as Bitcoin fell to $110,000 and Ethereum dipped to $4,400 after touching an all-time high. At the time of writing, the total crypto market cap saw a marginal decline of 2.88 per cent to $3.8 trillion, while the 24-hour trading volume increased by 15.93 per cent to $234.02 billion.

Bitcoin BTC was the most trending cryptocurrency. Its price was down by 1.94 per cent to $110,348.10, and its 24-hour trading volume was $72.65 billion. Elsewhere, Tether Gold XAUt was the top gainer. It was up by 0.25 per cent, and its 24-hour trading volume was $41.79 million. Fartcoin FARTCOIN was the top loser. It was down by 16.67 per cent, while its 24-hour trading volume was $254.70 million.

The DeFi market cap was at $41.99 billion, Coinmarketcap.com reported.

Edul Patel, Co-founder and CEO of Mudrex said, “Bitcoin is trading at $110,000 as bulls attempt to regain control. The current consolidation was triggered by dormant whale migration from BTC to ETH, leading to about $640 million in liquidations across the market. Despite this, Bitcoin's future open interest climbed to an all-time high, up 13 per cent from two weeks earlier. Meanwhile, institutions such as Strategy are buying the dip, accumulating about 3,081 BTC. This increase in trading activity could help Bitcoin to break above the immediate resistance level of $112,500. On the downside, BTC could test the $105,000 support before a relief rally. ”

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices declined by 1.94 per cent today to $110,348.10. Its 24-hour trading volume was $72.65 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.60 per cent.

Ethereum (ETH): Ethereum prices were down by 5.92 per cent to $4,444.34, after making new all time high above $4,900. Its 24-hour trading volume was $64.15 billion. Its market dominance was 11.08 per cent.

Tether (USDT): Tether was trading at $1.00, up by 0.05 per cent. Its 24-hour trading volume was $171.30 billion. It is currently ranked fourth on Coinmarketcap.

Other Altcoins

XRP XRP prices were down by 2.71 per cent to $2.92. Its 24-hour trading volume was $7.39 billion.

Solana prices were down by 7.87 per cent to $205.39. Its 24-hour trading volume was $10.87 billion.

Cardano ADA was trading at $0.8442, down by 6.72 per cent. Its 24-hour trading volume was $2.05 billion.

Avalanche AVAX was trading at $23.50, down by 6.88 per cent. Its 24-hour trading volume was $832.72 million.

Meme Coins

Dogecoin was down by 6.93 per cent, with a 24-hour price of $0.2119.

Shiba Inu was down by 4.47 per cent to $0.00001220.

Decentralised Finance

DeFi Coin was down by 10.86 per cent, trading at $0.002736.

Yearn Finance was down by 4.69 per cent to $5,448.74, with a 24-hour trading volume of $23.82 million.