Crypto Market Gains Marginally, Trading Volume Dips 17 Per cent

The global crypto market increased marginally on Wednesday. The total market cap was up by 2.68 per cent to $3.37 trillion, even as the total trading volume was down by 17.54 per cent to $148.12 billion.

Ethereum ETH was the most trending cryptocurrency. It was up by 8.78 per cent to $2,663.73. Its 24-hour trading volume was $36.30 billion. Pi PI was the top gainer. It was up by 18.96 per cent, and its 24-hour trading volume was $1.29 Billion. Four FORM was the top loser. It was down by 2.51 per cent, and its 24-hour trading volume was $29.75 million.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, “Bitcoin is trading near $103,500 as markets absorb April's CPI report showing steady inflation. With the Fed now under less pressure to hike rates, BTC is gaining traction as a hedge and high-yield store of value. A bullish MACD crossover and RSI at 54 suggest rising momentum, though resistance at $105,000 remains a key barrier. Whales like Tether are accumulating, while some ETFs show profit-booking, signaling mixed institutional sentiment. If BTC breaks above $105K, a run toward $110K is plausible. ”

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin was up by 1.20 per cent to $103,690.09. Its 24-hour trading volume was $50.33 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62 per cent.

Ethereum (ETH): Ethereum was up by 8.78 per cent to $2,663.73. Its 24-hour trading volume was $36.30 billion, and its market dominance was 9 per cent.

Tether: Tether USDT was trading at $0.9998. It was down by 0.03 per cent. Its 24-hour trading volume was $129.12 billion. It is currently ranked fourth on Coinmarketcap.