The global crypto market increased marginally on Wednesday. The total market cap was up by 6.40 per cent to $2.93 trillion, even as the total trading volume was up by 53.03 per cent to $131.28 billion.
Bitcoin BTC was the most trending cryptocurrency. It was up by 6.14 per cent to $93,512.23. Its 24-hour trading volume was $56.82 billion. Immutable IMX was the top gainer. It was up by 44.61 per cent. Its 24-hour trading volume was $385.72 million. Tether Gold XAUt was the top loser. It was down by 4.14 per cent. Its 24-hour trading volume was $66.85 million.
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DeFi was up by 10.64 per cent to $9.27 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin surged past $93K today, marking strong bullish momentum with a 5.6 per cent daily gain. The breakout from the $88K resistance has triggered renewed buying interest, backed by institutional inflows and macro optimism. However, RSI is nearing overbought at 78, hinting at a possible short-term cooldown. If BTC sustains above $91K, it may target $95K next. A drop below $90.5K could test $88K again. Market participants should stay cautious as U.S. trading hours may bring volatility and decisive moves in either direction."
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Cryptocurrency Prices
Bitcoin (BTC): Bitcoin was up by 6.14 per cent to $93,512.23. Its 24-hour trading volume was $56.82 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 60.40 per cent.
Ethereum (ETH): Ethereum was up by 14.21 per cent to $1,804.89. Its 24-hour trading volume was $26.76 billion, and its market dominance was 14.26 per cent.
Tether: Tether USDT was trading at $1.00. It was up by 0.05 per cent. Its 24-hour trading volume was $104.58 billion. It is currently ranked third on Coinmarketcap.
Other Altcoins
Solana was down by 8.44 per cent to $151.24. Its 24-hour trading volume was $3.82 billion.
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Avalanche AVAX was trading at $22.66, up by 14.08 per cent. Its 24-hour trading volume was $518.39 million.
Cardano ADA was trading at $0.6952, up by 11.32 per cent. Its 24-hour trading volume was $977.33 million.
Meme Coins
Dogecoin was up by 13.40 per cent, with a 24-hour price of $0.1824.
Shiba Inu was up by 11.82 per cent to $0.00001381.
Decentralised Finance
DeFi Coin was up by 19.57 per cent, and it was trading at $0.004477.
Yearn Finance was up by 8.73 per cent to $5,083.19, with a 24-hour trading volume of $27.22 million.
