Cryptocurrency

Bitcoin Price Hovers At $103,000 Amid Market Dip, Trading Volume Surges 40 Per Cent

Bitcoin prices were down by 1.05 per cent while Ethereum prices were down by 5.75 per cent. Bitcoin was the most trending cryptocurrency, while Fartcoin FARTCOIN was the top gainer, and OFFICIAL TRUMP TRUMP was the top loser

Crypto Market Declines
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The global crypto market declined slightly on Friday, with Bitcoin prices slipping to the $103,000-mark. At the time of writing, the total market cap was down by 1.79 per cent to $3.23 trillion, while the 24-hour crypto trading volume gained by 39.59 per cent to $211.33 billion.

Bitcoin BTC was the most trending cryptocurrency. Its price was down by 1.05 per cent to $103,503.38. Its 24-hour trading volume was $60.91 million. Fartcoin FARTCOIN was the top gainer, up by 3.55 per cent, with a 24-hour trading volume of $411.95 million, while OFFICIAL TRUMP TRUMP was the top loser. It was down by 10.69 per cent, and its 24-hour trading volume was $874.54 million.

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The DeFi market cap was at $38.17 billion, Coinmarketcap.com reported.

The crypto market saw a temporary pullback with Bitcoin trading around $103,500 after testing the $100,400 support. However, on-chain data shows strong bullish activity, with Bitcoin network activity surging to a record 556,830 new wallets in a day. Typically, rising network growth and token circulation are bullish indicators, pointing to a renewed interest and broader utility.

“The dollar fell to its 3-year low against the euro and the pound, increasing Bitcoin’s appeal as a store of value. All eyes are now on the upcoming US jobs report, which could support a US Federal Reserve rate cut and drive fresh momentum across the market,” said Edul Patel, co-founder and CEO of Mudrex.

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Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices were down by 1.05 per cent to $103,503.38. Its 24-hour trading volume was $62.11 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 5.75 per cent to $2,459.55. Its 24-hour trading volume was $29.16 billion, and its market dominance was 9.30 per cent.

Tether (USDT): Tether was trading at $1. It was up by 0.07 per cent. Its 24-hour trading volume was $97.97 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana prices were down by 3.97 per cent to $147.83. Its 24-hour trading volume was $4.81 billion.

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Avalanche AVAX was trading at $19.44, down by 4.77 per cent. Its 24-hour trading volume was $484.34 million.

Cardano ADA was trading at $0.6408, down by 5.61 per cent. Its 24-hour trading volume was $935.7 million.

Meme Coins

Dogecoin was down by 7.69 per cent, with a 24-hour price of $0.1758.

Shiba Inu was down by 5.11 per cent to $0.00001223.

Decentralised Finance

DeFi Coin was down by 6.12 per cent, and it was trading at $0.002780.

Yearn Finance was down by 1.74 per cent to $5,087.09, with a 24-hour trading volume of $18.89 million.

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