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Crypto market has declined marginally, trading volume falls

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The crypto market has declined marginally

The global crypto market fell marginally on Wednesday. Total market capitalization fell 0.53% to $2.27 trillion, while total trading volume fell 7.89% to $121.24 billion. Ethena ENA was the most popular cryptocurrency. It fell 2.20 percent to $0.835. Its 24-hour trading volume was $483.64 million. Pepe PEPE was the biggest winner. It increased by 21.66 percent. Its 24-hour trading volume was $4.07 billion. Beam BEAM was the biggest loser. The drop was 6.29 percent. Its 24-hour trading volume was $33.49 million.

DeFi fell 1.35% to $5.47 billion, Coinmarketcap.com reported.

Read too: Ether rises 18 percent amid renewed hopes of spot Ether ETF approvals

Sathvik Vishwanath, co-founder and CEO of Unocoin, said Bitcoin (BTC) rose to $71,957 amid optimism about the Ethereum ETF. “The SEC’s decision to update filings has boosted investor confidence. In anticipation of April’s halving, public bitcoin miners raised $2 billion in equity financing, bolstering their financial position. Analysts now estimate a 75% chance approval of the Ethereum ETF, which will boost market sentiment. BTC’s key levels include the pivot at $72,030, with resistance at $73,734, $75,480, and $76,000, and support at $69,219, US $68,853 and $65,949. The RSI is approaching overbought levels, while the 50 EMA at $68,853 is expected to continue if Bitcoin remains above $69,219, with a target to break through. $72,030.”

Cryptocurrency prices

Bitcoin: Bitcoin BTC fell 1.89% to $69,656.36. Its 24-hour trading volume was $40.34 billion. It is currently ranked #1 on Coinmarketcap based on market cap. Bitcoin’s market dominance was 53.8%.

Ethereum: Ethereum ETH rose 2.28 percent to $3,737.41 from the previous day. Its 24-hour trading volume was $33.49 billion. Ethereum’s market dominance was 17.4%.

Lashing: Tether USDT was trading at $0.9999. The drop was 0.01%. Its 24-hour trading volume was $93.44 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana SOL fell 2.73 percent to $177.07. Its 24-hour trading volume was $4.06 billion.

Avalanche AVAX was trading at $40.73, up 1.72%. Its 24-hour trading volume was $646.65 million.

Cardano ADA fell 2.26% to $0.486 from the previous day. Its 24-hour trading volume was $496.34 million.

Meme Coins

Dogecoin DOGE is up 3.44 percent with a 24-hour price of $0.1675.

Shiba Inu SHIB rose 1.27 percent to $0.00002561.

Decentralized Finance

The DeFi coin was trading at $0.04604, the same as yesterday.

Yearn.Finance YFI rose 0.35 percent to $7,214.93 in the last 24 hours. Its 24-hour trading volume was $25.86 million.

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