The global crypto market increased marginally on Friday, with the total market cap up by 2.10 per cent to $3.56 trillion. The total trading volume was up by 0.46 per cent to $158.09 billion.
XRP XRP was the most trending cryptocurrency. It was up by 10.62 per cent to $3.32. Its 24-hour trading volume was $24.17 billion. Hedera HBAR was the top gainer. It was up by 18.69 per cent. Its 24-hour trading volume was $2.72 billion. ai16z AI16Z was the top loser. It was down by 11.41 per cent. Its 24-hour trading volume was $231.40 million.
DeFi was up by 7.13 per cent to $10.81 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, co-founder & CEO, Unocoin said, "Bitcoin price, currently below the 10-day SMA of $99,683, is reflecting a minor bearish trend, while the break above the 50-day SMA at $97,502 and the 200-day SMA at $95,038 supports long-term bullish momentum. The 14-day RSI of 68.52 indicates that the asset is approaching overbought levels, signaling a potential consolidation or slight decline. Key levels to watch include support at $92,000, where a decline could push prices to $74,000, and psychological resistance at $100,000, followed by $106,000. Despite bullish signals from moving averages, traders should remain wary of RSI trends and closely monitor price movements around these support and resistance levels."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 1.64 per cent to $101,003.44. Its 24-hour trading volume was $56.51 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 up by 0.15 per cent to $3,368.12 from the previous day. Its 24-hour trading volume was $27.06 billion. Ethereum’s market dominance was 11.6 per cent.
Tether: Tether USDT was trading at $0.9998. It was up by 0.01 per cent. Its 24-hour trading volume was $123.90 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was up by 5.13 per cent to $211.69. Its 24-hour trading volume was $6.13 billion.
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Avalanche AVAX was trading at $40.50, up by 3.85 per cent. Its 24-hour trading volume was $496.53 million.
Cardano ADA was up by 6.44 per cent to $1.12 from the previous day. Its 24-hour trading volume was $2.27 billion.
Meme Coins
Dogecoin DOGE was up by 2.04 per cent, with a 24-hour price of $0.3773.
Shiba Inu SHIB was up by 2.06 per cent to $0.00002264.
Decentralised Finance
DeFi coin was trading at $0.04582, down by 6.17 per cent.
Yearn Finance YFI was up by 0.45 per cent to $8,342.39 in the last 24 hours. Its 24-hour trading volume was $28.32 million.
