The global crypto market increased marginally on Monday, with the total market cap up by 1.24 per cent to $3.54 trillion and the total trading volume up by 4.13 per cent to $91.61 billion.
Bitcoin BTC was the most trending cryptocurrency. It was up by 1.54 per cent to $99,662.29. Its 24-hour trading volume was 26.27 billion. SPX6900 SPX was the top gainer. It was up by 16.86 per cent. Its 24-hour trading volume was $98.03 million. Helium HNT was the top loser. It was down by 3.88 per cent. Its 24-hour trading volume was $12.74 million.
DeFi was up by 1.76 per cent to $8.23 billion, Coinmarketcap.com reported.
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Sathvik Vishwanath, co-founder and CEO, Unocoin, said: “Bitcoin’s continued rise could push altcoins like Solana (SOL), Sui (SUI), Internet Computer (ICP), and Ethena (ENA) higher. With Bitcoin nearing $100,000, demand remains strong, as seen by exchange-traded fund (ETF) inflows and reduced selling pressure. If Bitcoin breaks above this resistance, it could target $108,353 and higher. Solana, currently facing resistance at $219, shows strength with the 20-day EMA turning up and the RSI in positive territory. If SOL surpasses $219, it could rally to $234 and $247. However, if Bitcoin faces rejection or Solana drops below key support, bearish pressure could return.”
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Cryptocurrency Prices
Bitcoin: Bitcoin BTC was up by 1.54 per cent to $99,662.29. Its 24-hour trading volume was $26.27 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 56.59 per cent.
Ethereum: Ethereum ETH was up by 1.56 per cent to $3,683.59 from the previous day. Its 24-hour trading volume was $15.31 billion. Ethereum’s market dominance was 13.3 per cent.
Tether: Tether USDT was trading at $0.9997. It was up by 0.02 per cent. Its 24-hour trading volume was $72.70 billion. It is currently ranked fourth on Coinmarketcap.
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Other Altcoins
Solana SOL was down by 0.04 per cent to $216.28. Its 24-hour trading volume was $2.4 billion.
Avalanche AVAX was trading at $43.88, up by 3.23 per cent. Its 24-hour trading volume was $467.51 million.
Cardano ADA was up by 2.03 per cent to $1.09 from the previous day. Its 24-hour trading volume was $1.33 billion.
Meme Coins
Dogecoin DOGE was down by 0.40 per cent, with a 24-hour price of $0.3882.
Shiba Inu SHIB was up by 0.71 per cent to $0.00002424.
Decentralised Finance
DeFi coin was trading at $0.02507, down by 4.20 per cent.
Yearn Finance YFI was down by 6.66 per cent to $8,911.54 in the last 24 hours. Its 24-hour trading volume was $22.24 million.