The global crypto market declined marginally on Wednesday, with the total market cap up by 0.62 per cent to $3.46 trillion and the total trading volume down by 18.48 per cent to $352.03 billion.
Magic Eden ME was the most trending cryptocurrency. It was down by 47.11 per cent to $5.98. Its 24-hour trading volume was 4.54 billion. Bitget Token BGB was the top gainer. It was up by 25.17 per cent. Its 24-hour trading volume was $370.41 million. Movement
MOVE was the top loser. It was down by 35.00 per cent. Its 24-hour trading volume was $4.20 billion.
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DeFi was up by 0.10 per cent to $21.02 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin (BTC) remains volatile, trading at $97,604 after a sharp price drop from $101,430 on Dec. 8 to $94,200 on Dec. 9, wiping out $2.9 billion in leveraged positions. Despite this, Bitcoin's derivatives market shows healthier signals, with reduced funding rates and an 8 per cent decline in open interest since Nov. 25. Spot ETFs in the U.S. added $15.2 billion since October, reflecting strong institutional appetite. MicroStrategy, Riot Platforms, and Marathon Digital have also increased holdings. While optimism remains, short-term risks linger amid leverage-based volatility and market uncertainty ahead of Trump’s inauguration."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.82 per cent to $97,382.95. Its 24-hour trading volume was $98.96 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 down by 0.75 per cent to $3,656.85 from the previous day. Its 24-hour trading volume was $51.99 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $1. It was down by 0.00 per cent. Its 24-hour trading volume was $234.92 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was up by 1.37 per cent to $218.16. Its 24-hour trading volume was $7.72 billion.
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Avalanche AVAX was trading at $44.33, down by 1.47 per cent. Its 24-hour trading volume was $1.22 billion.
Cardano ADA was up by 0.72 per cent to $1.01 from the previous day. Its 24-hour trading volume was $2.92 billion.
Meme Coins
Dogecoin DOGE was down by 3.25 per cent, with a 24-hour price of $0.3906.
Shiba Inu SHIB was up by 1.24 per cent to $0.00002676.
Decentralised Finance
DeFi coin was trading at $0.03246, up by 0.37 per cent.
Yearn Finance YFI was up by 3.11 per cent to $10,437.22 in the last 24 hours. Its 24-hour trading volume was $172.19 million.
