Markets
Crypto market gains marginally even as trading volume falls, Bitcoin rises and Ethereum falls
Crypto market gains marginally
The global crypto market rose marginally on Monday. Total market capitalization increased 0.03% to $2.54 trillion, even as total trading volume fell 6.95% to $49.18 billion.
Notcoin NOT was the most popular cryptocurrency for three days in a row. It rose 10.45 percent to $0.01939. Its 24-hour trading volume was $823.95 million. Mantra OM was the biggest gainer. It increased by 16.78 percent. Its 24-hour trading volume was $160.38 million. Fetch.ai FET was the biggest loser. The drop was 4.74%. Its 24-hour trading volume was $118.89 million.
DeFi rose 0.21% to $4.42 billion, Coinmarketcap.com reported.
Sathvik Vishwanath, co-founder and CEO of Unocoin, said: “Bitcoin, currently trading at $69,300 with a modest gain of less than 0.10%, is facing market uncertainty following a tweet from millionaire trader Zoran Kole (@Captain_Kole1) Kole mentioned “$44,444” and apologized, suggesting a possible sharp drop in Bitcoin’s price. This prediction led traders to take a closer look at Bitcoin’s support and resistance levels. 68,700, indicating a potential bullish reversal if sustained. Resistance levels are at $69,600, $69,750 and $70,650, with the 50-day EMA at $69,600 being crucial in confirming the uptrend, given In these conditions, traders are advised to sell below $69,700 and consider buying above $68,700 based on price movements.”
Cryptocurrency prices
Bitcoin: Bitcoin BTC rose 0.30% to $69,538.22. Its 24-hour trading volume was $14.49 billion. It is currently ranked #1 on Coinmarketcap based on market cap. Bitcoin’s market dominance was 49.06%.
Ethereum: EthereumETH fell 3.59 percent to $3,676.21 from the previous day. Its 24-hour trading volume was $7.99 billion. Ethereum’s market dominance was 17.4%.
Lashing: Tether USDT was trading at $0.9997. The drop was 0.03%. Its 24-hour trading volume was $38.89 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL rose 0.32 percent to $159.68. Its 24-hour trading volume was $1.36 billion.
Avalanche AVAX was trading at $32.70, up 0.84%. Its 24-hour trading volume was $237.05 million.
Cardano ADA rose 1.29% to $0.4409 from the previous day. Its 24-hour trading volume was $337.31 million.
Meme Coins
Dogecoin DOGE is down 0.64 percent with a 24-hour price of $0.1454.
Shiba Inu SHIB fell 0.02 percent to $0.00002319.
Decentralized Finance
The DeFi coin was trading at $0.06895, down 1.77%.
Yearn.Finance YFI rose 0.97 percent to $6,458.72 in the last 24 hours. Its 24-hour trading volume was $14.28 million.