The global crypto market declined marginally on Monday, with the total market cap down by 1.32 per cent to $3.27 trillion even as the total trading volume was up by 19.26 per cent to $84.05 billion.
Bitcoin BTC was the most trending cryptocurrency. It was down by 0.34 per cent to $94,214.22. Its 24-hour trading volume was 27.69 billion. KuCoin Token KCS was the top gainer. It was up by 3.44 per cent. Its 24-hour trading volume was $2.38 million. Virtual Protocol VIRTUAL was the top loser. It was down by 11.50 per cent. Its 24-hour trading volume was $233.47 million.
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DeFi was down by 3.12 per cent to $6.33 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, co-founder and CEO, Unocoin, said: “Bitcoin recently reached the $100,000 level but failed to hold on and fell to $92,000. On the daily chart, Bitcoin has been hovering at this level for a while now, but now this increase the likelihood of a failure, with Bitcoin potentially coming down to $85,000. However, if Bitcoin manages to stay at $92,000, it may try to rise further towards $100,000 and above. The four-hour chart is dominated by bearish momentum with no significant signs of recovery. Chain data reveals falling funding rates, reflecting market uncertainty. However, reduced speculative pressure suggests that demand in the spot market could lead to sustained growth subject to a break of key resistance levels.”
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 0.34 per cent to $94,214.22. Its 24-hour trading volume was $27.69 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.59 per cent.
Ethereum: Ethereum ETH was down by 1.65 per cent to $3,223.84 from the previous day. Its 24-hour trading volume was $15.51 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $0.9995. It was down by 0.01 per cent. Its 24-hour trading volume was $67.18 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was down by 1.20 per cent to $184.73. Its 24-hour trading volume was $1.92 billion.
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Avalanche AVAX was trading at $35.51, down by 4.32 per cent. Its 24-hour trading volume was $301.24 million.
Cardano ADA was down by 6.29 per cent to $0.952 from the previous day. Its 24-hour trading volume was $889.68 million.
Meme Coins
Dogecoin DOGE was down by 3.15 per cent, with a 24-hour price of $0.3317.
Shiba Inu SHIB was down by 3.28 per cent to $0.0000212.
Decentralised Finance
DeFi coin was trading at $0.02247, up by 5.52 per cent.
Yearn Finance YFI was down by 2.31 per cent to $7,802.79 in the last 24 hours. Its 24-hour trading volume was $19.02 million.
