The global crypto market increased marginally on Wednesday. The total market cap was up by 1.00 per cent to $3.49 trillion, while the total trading volume was up by 43.99 per cent to $271.31 billion.
XRP XRP was the most trending cryptocurrency. It is also currently ranked third on Coinmarketcap, based on market cap. It was down by 4.45 per cent to $2.59. Its 24-hour trading volume was 42.14 billion. TRON TRX was the top gainer. It was up by 51.82 per cent. Its 24-hour trading volume was $6.92 billion. Kaia KAIA was the top loser. It was down by 9.37 per cent. Its 24-hour trading volume was $462.52 million.
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DeFi was up by 10.39 per cent to $26.32 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin has been consolidating between $93,000 and $99,000, showing steady movement over the past 10 days. Meanwhile, XRP stands out with an impressive 18% rise, securing the top position among the top 10 cryptocurrencies. Hedera has been the strongest performer, soaring by 58%, while Ondo follows closely with a 36% gain in the last 24 hours. These developments highlight a period of growth for certain altcoins, while Bitcoin maintains its steady range. The strong performances of Hedera and Ondo reflect growing investor interest and market momentum in the broader cryptocurrency landscape."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 0.37 per cent to $96,465.90. Its 24-hour trading volume was $69.25 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 53.9 per cent.
Ethereum: Ethereum ETH was up by 0.68 per cent to $3,688.12 from the previous day. Its 24-hour trading volume was $43.36 billion. Ethereum’s market dominance was 12.5 per cent.
Tether: Tether USDT was trading at $1.00. It was up by 0.03 per cent. Its 24-hour trading volume was $238.52 billion. It is currently ranked fourth on Coinmarketcap.
Other Altcoins
Solana SOL was up by 5.23 per cent to $228.34. Its 24-hour trading volume was $8.89 billion.
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Avalanche AVAX was trading at $51.91, up by 0.75 per cent. Its 24-hour trading volume was $2.20 billion.
Cardano ADA was down by 4.92 per cent to $1.22 from the previous day. Its 24-hour trading volume was $4.60 billion.
Meme Coins
Dogecoin DOGE was down by 0.91 per cent, with a 24-hour price of $0.4176.
Shiba Inu SHIB was up by 1.89 per cent to $0.00003003.
Decentralised Finance
DeFi coin was trading at $0.03024, down by 2.48 per cent.
Yearn Finance YFI was up by 2.81 per cent to $9,268.97 in the last 24 hours. Its 24-hour trading volume was $99.24 million.
