Cryptocurrency

Crypto Market Rises Marginally, Trading Volume Gains 4%; Bitcoin, Ethereum Up

Bitcoin was up by 1.54 per cent, while Ethereum was up by 1.56 per cent. Bitcoin BTC was also the most trending cryptocurrency, while SPX6900 SPX was the top gainer, and Helium HNT was the top loser

Crypto Market Rises Marginally, Trading Volume Gains 4%; Bitcoin, Ethereum Up
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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.

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