Cryptocurrency

Crypto Market Gains Marginally, Trading Volume Dips 5 Per cent; Bitcoin, Ethereum Up

Bitcoin was up by 3.40 per cent, while Ethereum was up by 8.47 per cent. Aave AAVE was the most trending cryptocurrency as well as the top gainer, while Fartcoin FARTCOIN was the top loser

Crypto Market Gains Marginally, Trading Volume Dips 5 Per cent; Bitcoin, Ethereum Up
info_icon

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.

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.

Advertisement

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.

Advertisement

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.

CLOSE