The global crypto market increased marginally on Tuesday. The total market cap was up by 3.67 per cent to $3.33 trillion, even as the total trading volume was down by 5.64 per cent to $133.74 billion.
Aave AAVE was the most trending cryptocurrency as well as the top gainer. It was up by 25.20 per cent to $268.36. Its 24-hour trading volume was $4.05 billion. Fartcoin FARTCOIN was the top loser. It was up by 1.90 per cent, and its 24-hour trading volume was $201.23 million.
DeFi was up by 1.28 per cent to $35.29 billion, Coinmarketcap.com reported.
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Coinswitch Market Desk said, “Bitcoin surged past the $106,000 mark following Moody’s decision to downgrade the US credit rating from AAA to Aa1. Bitcoin’s recent momentum also reflects in its technicals: the asset has now closed seven consecutive weekly green candles—a feat last seen in October-November 2023, when Bitcoin was trading around $30,000. With global macro conditions showing no signs of cooling off, and Bitcoin displaying strong bullish signals, many analysts believe a major rally could be brewing in the months ahead.”
Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 3.40 per cent to $106,385.12. Its 24-hour trading volume was $59.27 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.40 per cent.
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Ethereum: Ethereum ETH was up by 8.47 per cent to $2,574.07. Its 24-hour trading volume was $27.56 billion, and its market dominance was 9.10 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.01 per cent. Its 24-hour trading volume was $90.84 billion. It is currently ranked third on Coinmarketcap.
Other Altcoins
Solana was up by 4.30 per cent to $170.40. Its 24-hour trading volume was $4.35 billion.
Avalanche AVAX was trading at $22.56, up by 4.03 per cent. Its 24-hour trading volume was $338.15 million.
Cardano ADA was trading at $0.7412, up by 2.25 per cent. Its 24-hour trading volume was $826.72 million.
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Meme Coins
Dogecoin was up by 3.40 per cent, with a 24-hour price of $0.2252.
Shiba Inu was up by 2.18 per cent to $0.00001464.
Decentralised Finance
DeFi Coin was down by 20.92 per cent, and it was trading at $0.002851.
Yearn Finance was up by 1.97 per cent to $5,555.59, with a 24-hour trading volume of $23.54 million.
