The global crypto market increased marginally on Friday, at the time of writing, with the total market cap up by 2.55 per cent to $3.62 trillion. The total trading volume was up by 40.05 per cent to $207.47 billion.
Dogcoin DCOIN was the most trending cryptocurrency. It was up by 498.78 per cent to $0.004546. Its 24-hour trading volume was 12.31 million. Mantle MNT was the top gainer. It was up by 13.53 per cent. Its 24-hour trading volume was $259.30 million. ai16z AI16Z was the top loser. It was down by 2.49 per cent. Its 24-hour trading volume was $9.13 million.
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DeFi was up by 1.23 per cent to $10.94 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin’s price has been volatile but is currently showing upward momentum, trading above $102,000 after a 7% weekly rally. This surge is fueled by favorable U.S. macroeconomic data, which has boosted risk assets like Bitcoin. The cryptocurrency is benefiting from increasing demand as an inflation hedge and from geopolitical tensions, especially the Russia/Ukraine conflict. The possibility of a Bitcoin ETF and continued institutional interest are driving bullish sentiment. However, challenges such as rising energy costs and tightening regulations could weigh on prices. Despite this, Bitcoin’s price outlook remains positive, with many anticipating continued growth in the coming months."
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 2.34 per cent to $104,783.18. Its 24-hour trading volume was 99.69 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 5.70 per cent to $3,396.51 from the previous day. Its 24-hour trading volume was $35.15 billion. Ethereum’s market dominance was 11.6 per cent.
Tether: Tether USDT was trading at $0.9997. It was up by 0.04 per cent. Its 24-hour trading volume was $159.00 billion. It is currently ranked fourth on Coinmarketcap.
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Other Altcoins
Solana SOL was up by 5.37 per cent to $261.70. Its 24-hour trading volume was $9.65 billion.
Avalanche AVAX was trading at $35.90, up by 1.40 per cent. Its 24-hour trading volume was $476.42 billion.
Cardano ADA was up by 3.35 per cent to $1.00 from the previous day. Its 24-hour trading volume was $1.22 billion.
Meme Coins
Dogecoin DOGE was up by 1.41 per cent, with a 24-hour price of $0.3579.
Shiba Inu SHIB was up by 1.19 per cent to $0.00002025.
Decentralised Finance
DeFi coin was trading at $0.04303, up by 11.36 per cent.
Yearn Finance YFI was up by 2.01 per cent to $7,683.93 in the last 24 hours. Its 24-hour trading volume was $28.85 million.
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