Crypto prices edged lower on Wednesday, with Bitcoin back to $106,600 after briefly dipping to $105,500 in the past 24 hours, while Ethereum hovered around $2,400. At the time of writing, the total crypto market capitalisation saw a marginal decline of 0.21 per cent to $3.28 trillion, while the 24-hour trading volume surged by 17.44 per cent to $225. billion.
Humanity Protocol H was the most trending cryptocurrency. Its price was up by 50.99 per cent to $0.06938. Its 24-hour trading volume was $255.15 million. Elsewhere, Pudgy Penguins PENGU was the top gainer. It was up by 13.65 per cent, and its 24-hour trading volume was 583.77 million. Algorand ALGO was the top loser, and it was down by 11.98 per cent, while its 24-hour trading volume was $100.27 million.
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The DeFi market cap was at $33.10 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said: Bitcoin (BTC) traded near $105,500, showing resilience after retreating from its $111,000 high. Current support lies at $105,000, with resistance at $107,500. The market is in consolidation, marked by declining volatility and neutral funding rates. On-chain data reveals growing exchange outflows, suggesting long-term holders are accumulating. Miner selling has slowed, easing supply pressure. Technical structure remains bullish above $102,000, forming a higher low. A clean breakout above $107,500 could trigger momentum toward $111,000 again. If BTC loses $105,000, a drop to $101,000–$102,000 is likely.
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Cryptocurrency Prices
Bitcoin (BTC): Bitcoin prices were up by 0.1 per cent to $106,646.62. Its 24-hour trading volume was $44.84 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.60 per cent.
Ethereum (ETH): Ethereum prices were down by 0.66 per cent to $2,443.95. Its 24-hour trading volume was $15.03 billion, and its market dominance was 9.30 per cent.
Tether (USDT): Tether was trading at $1. Its 24-hour trading volume was $61.69 billion. It is currently ranked third on Coinmarketcap.
Other Altcoins
Solana prices were down by 1.53 per cent to $149.07. Its 24-hour trading volume was $3.35 billion.
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Avalanche AVAX was trading at $17.57, up by 0.48 per cent. Its 24-hour trading volume was $221.84 million.
Cardano ADA was trading at $0.5622, down by 1.28 per cent. Its 24-hour trading volume was $668.04 million.
Meme Coins
Dogecoin was down by 1.12 per cent, with a 24-hour price of $0.1606.
Shiba Inu was up by 0.88 per cent to $0.00001140.
Decentralised Finance
DeFi Coin was down by 3 per cent, and it was trading at $0.002269.
Yearn Finance was down by 1.56 per cent to $4,962.95, with a 24-hour trading volume of $12.45 million.
