The global crypto market decreased on Monday, at the time of writing, with the total market cap down by 5.11 per cent to $3.43 trillion. The total trading volume was up by 36.93 per cent to $111.42 billion.
Bitcoin BTC was the most trending cryptocurrency. It was down by 4.41 per cent to $100,467.15. Its 24-hour trading volume was 36.31 billion. AIOZ Network AIOZ was the top gainer. It was up by 8.69 per cent. Its 24-hour trading volume was $154.74 million. Fartcoin FART was the top loser.It was down by 24.53 per cent. Its 24-hour trading volume was $292.33 million.
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DeFi was up by 0.38 per cent to $9.69 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin is approaching a critical support level at $100,000. A firm close below this level could signal a potential decline, with the next major support around $90,000. If the price fails to hold above $100,000, it may trigger increased selling pressure and a pullback toward lower levels. Traders will likely watch for any signs of consolidation or reversal near this support. However, if Bitcoin manages to hold above $100,000, it could indicate a continuation of the current uptrend. Monitoring key price action in the coming days will be crucial to understanding Bitcoin's near-term."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was down by 4.41 per cent to $100,467.15. Its 24-hour trading volume was 36.31 billion. It is currently ranked one on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 57.0 per cent.
Ethereum: Ethereum ETH was down by 5.77 per cent to $3,151.05 from the previous day. Its 24-hour trading volume was $20.23 billion. Ethereum’s market dominance was 11.6 per cent.
Tether: Tether USDT was trading at $0.9996. It was down by 0.02 per cent. Its 24-hour trading volume was $85.43 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was down by 10.73 per cent to $230.72. Its 24-hour trading volume was $6.65 billion.
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Avalanche AVAX was trading at $34.82, down by 7.65 per cent. Its 24-hour trading volume was $409.18 million.
Cardano ADA was down by 7.16 per cent to $0.9134 from the previous day. Its 24-hour trading volume was $746.65 million.
Meme Coins
Dogecoin DOGE was down by 8.74 per cent, with a 24-hour price of $0.3242.
Shiba Inu SHIB was down by 8.44 per cent to $0.00001842.
Decentralised Finance
DeFi coin was trading at $0.05707, up by 34.35 per cent.
Yearn Finance YFI was down by 6.37 per cent to $7,055.47 in the last 24 hours. Its 24-hour trading volume was $20.77 million.
