The global crypto market decreased marginally on Monday. The total market cap was down by 0.94 per cent to $2.95 trillion, even as the total trading volume was up by 12.20 per cent to $56.3 billion.
Bitcoin BTC was the most trending cryptocurrency. It was down by 1.24 per cent to $94,718.05. Its 24-hour trading volume was $20.88 billion. Walrus WAL was the top gainer. It was up by 13.12 per cent, and its 24-hour trading volume was $73.22 million. Ethereum Name Service ENS was the top loser. It was down by 6.18 per cent, and its 24-hour trading volume was $78.05 million.
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DeFi was up by 3.28 per cent to $4.30 billion, Coinmarketcap.com reported.
According to Coinswitch Market Desk, the market exhibited a blend of optimism and caution. Bitcoin tested the $97,000 support level before returning to $94,500, buoyed by positive sentiment surrounding potential US-China trade negotiations and robust institutional demand. Additionally, traditional markets also exhibited a positive trend with the S&P 500 and the Nasdaq composite, both closing the week with a gain of 1.5 per cent.
Cryptocurrency Prices
Bitcoin (BTC): Bitcoin was down by 1.24 per cent to $94,718.05. Its 24-hour trading volume was $20.88 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 60.40 per cent.
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Ethereum (ETH): Ethereum was down by 0.67 per cent to $1,827.38. Its 24-hour trading volume was $9.39 billion, and its market dominance was 14.26 per cent.
Tether: Tether USDT was trading at $0.9999. It was down by 0.03 per cent. Its 24-hour trading volume was $43 billion. It is currently ranked third on Coinmarketcap.
Other Altcoins
Solana was up by 1.06 per cent to $146.90. Its 24-hour trading volume was $1.85 billion.
Avalanche AVAX was trading at $19.97, down by 0.95 per cent. Its 24-hour trading volume was $192.52 million.
Cardano ADA was trading at $0.6850, down by 1.82 per cent. Its 24-hour trading volume was $661.89 million.
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Meme Coins
Dogecoin was down by 0.90 per cent, with a 24-hour price of $0.1733.
Shiba Inu was down by 1.18 per cent to $0.00001294.
Decentralised Finance
DeFi Coin was up by 15.87 per cent, and it was trading at $0.005108.
Yearn Finance was down by 0.66 per cent to $5,297.73, with a 24-hour trading volume of $10.44 million.
