The global crypto market decreased marginally on Wednesday, with the total market cap down by 6.81 per cent to $3.34 trillion and the total trading volume up by 45.63 per cent to $128.19 billion.
Eesee ESE was the most trending cryptocurrency. It was up by 4.11 per cent to $0.03046. Its 24-hour trading volume was $4.28 billion. Fantom FTM was the top loser. It was down by 16.43 per cent. Its 24-hour trading volume was $335.81 million.
DeFi was down by 8.31 per cent to $11.62 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTCUSD) is currently trading around $96,500, with a bearish outlook expected to push prices towards $95,195. It is important to watch this level as a break below it could trigger further declines and potentially target $90,000 and $87,055 as key support zones. Downward momentum is reinforced by price movement below the 50-day EMA. However, if Bitcoin manages to break above $99,785, it could reverse the negative trend and resume its bullish trajectory. For today, the expected price range is between $93,500 (support) and $98,500 (resistance), with the trend forecast remaining bearish."
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 5.93 per cent to $95,685.78. Its 24-hour trading volume was $65.85 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.32 per cent.
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Ethereum: Ethereum ETH was down by 8.50 per cent to $3,355.79 from the previous day. Its 24-hour trading volume was $37.70 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $0.9997. It was down by 0.04 per cent. Its 24-hour trading volume was $148.94 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was down by 9.38 per cent to $195.84. Its 24-hour trading volume was $5.53 billion.
Avalanche AVAX was trading at $38.38, down by 12.28 per cent. Its 24-hour trading volume was $802.94 million.
Cardano ADA was down by 11.08 per cent to $0.9774 from the previous day. Its 24-hour trading volume was $2.52 billion.
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Meme Coins
Dogecoin DOGE was up by 12.09 per cent, with a 24-hour price of $0.3448.
Shiba Inu SHIB was down by 10.51 per cent to $0.00002151.
Decentralised Finance
DeFi coin was trading at $0.02166, down by 9.91 per cent.
Yearn Finance YFI was down by 9.62 per cent to $8,057.97 in the last 24 hours. Its 24-hour trading volume was $30.53 million.
