The global crypto market increased marginally on Monday, with the total market cap up by 2.41 per cent to $3.71 trillion and the total trading volume up by 26.38 per cent to $147.67 billion.
Shanghai Inu SHANG was the most trending cryptocurrency. It was down by 52.51 per cent to $0.00000000245. Its 24-hour trading volume was 7.49 million. Fantom FTM was the top gainer. It was up by 14.40 per cent. Its 24-hour trading volume was $774.03 million. KuCoin Token KCS was the top loser. It was down by 7.96 per cent. Its 24-hour trading volume was $3.42 million.
DeFi was up by 3.64 per cent to $13.69 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin bulls are pushing BTC towards its all-time high of $104,088, with analysts bullish on continued upward momentum. VanEck predicts that the bull market will peak in Q1 2025, followed by a 30% withdrawal in Bitcoin and up to 60% in altcoins. Danny Marques predicts that Bitcoin could reach $173,646 to $461,135 in 2025 without macroeconomic downturns. Ether (ETH), Chainlink (LINK), Aave (AAVE) and BGB are poised to break out if Bitcoin holds above $104,088. Bitcoin RSI is showing weakening momentum, but a sustained break above this level could push BTC towards $113,331 and $125,000."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 3.05 per cent to $105,123.29. Its 24-hour trading volume was $62.74 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 59.5 per cent.
Ethereum: Ethereum ETH was up by 2.17 per cent to $3,970.46 from the previous day. Its 24-hour trading volume was $30.76 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $0.9994. It was down by 0.02 per cent. Its 24-hour trading volume was $131.14 billion. It is currently ranked third on Coinmarketcap.
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Other Altcoins
Solana SOL was up by 0.26 per cent to $222.17. Its 24-hour trading volume was $3.53 billion.
Avalanche AVAX was trading at $50.42, up by 1.62 per cent. Its 24-hour trading volume was $830.71 million.
Cardano ADA was up by 1.09 per cent to $1.08 from the previous day. Its 24-hour trading volume was $1.65 billion.
Meme Coins
Dogecoin DOGE was up by 1.66 per cent, with a 24-hour price of $0.4106.
Shiba Inu SHIB was up by 0.22 per cent to $0.00002756.
Decentralised Finance
DeFi coin was trading at $0.03183, down by 5.92 per cent.
Yearn Finance YFI was up by 3.51 per cent to $11,058.28 in the last 24 hours. Its 24-hour trading volume was $50.46 million.
