Markets
Crypto market rises marginally, trading volume falls
Crypto market rises marginally
The global crypto market rose marginally on Friday. Total market capitalization increased by 2.75% to $2.43 trillion, while total trading volume fell by 2.77% to $74.41 billion. GameStop GME was the most popular cryptocurrency. It rose 60.44 percent to $0.01955. Its 24-hour trading volume was $176.00 million. Floki FLOKI was the biggest winner. It increased by 10.77 percent. Its 24-hour trading volume was $789.40 million. WorldCoin WLD was the biggest loser. The drop was 9.30%. Its 24-hour trading volume was $612.65 million.
DeFi fell 1.35% to $5.47 billion, Coinmarketcap.com reported.
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Rajagopal Menon, vice president at WazirX, said: “Bitcoin has risen above $66,000, driven by inflows into spot ETFs and positive US economic data. Analysts anticipate this upward momentum will continue, potentially pushing BTC beyond from its all-time high of $74,000 next week, spurred due to increased institutional demand and increased risk appetite After recovering from a recent market correction, Bitcoin has shown resilience, rising from the $62K region to $66K territory. Despite facing strong rejection at $66,861, BTC remains bullish, gaining over 4% on weekly and monthly charts.”
He further mentioned: “Cryptocurrencies are stuck in a narrow range amid BTC fluctuations. Currently trading at $7.48, UNI Coin is moving towards resistance at $8.35 with support at $6.73. weakness, with daily transactions over $100,000 down 44% and those over $1 million down 50% in 30 days. Trading volume also decreased by 48%.
Cryptocurrency prices
Bitcoin: Bitcoin BTC rose 2.30 percent to $66,919.28. Its 24-hour trading volume was $27.34 billion. It is currently ranked #1 on Coinmarketcap based on market cap. Bitcoin’s market dominance was 52.7%.
Ethereum: Ethereum ETH rose 5.38 percent to $3,105.63 from the previous day. Its 24-hour trading volume was $14.48 billion. Ethereum’s market dominance was 15.3%.
To tie: Tether USDT was trading at $1.00. The increase was 0.03%. Its 24-hour trading volume was $55.94 billion. It is ranked third on Coinmarketcap.
Meme Coins
Dogecoin DOGE is up 4.04 percent with a 24-hour price of $0.1561.
Shiba Inu SHIB rose 2.36 percent to $0.00002494.
Decentralized Finance
The DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI rose 3.49 percent to $6,776.43 in the last 24 hours. Its 24-hour trading volume was $20.27 million.