Markets
Crypto market rises marginally, trading volume increases; Bitcoin, Ethereum on the rise
Crypto market gains marginally
The global crypto market gained marginally on Wednesday. Total market capitalization increased by 2.64% to $2.63 trillion, while total trading volume increased by 9.49% to $89.26 billion.
Notcoin NOT was the most popular cryptocurrency. It fell 7.68 percent to $0.02249. Its 24-hour trading volume was $2.44 billion. Floki FLOKI was the biggest winner. It increased by 26.09 percent. Its 24-hour trading volume was $1.22 billion. Warmhole W was the biggest loser. The drop was 8.19%. Its 24-hour trading volume was $96.10 million.
DeFi fell 1.57% to $6.72 billion, Coinmarketcap.com reported.
Read too: Bitcoin ETFs represent 26% of BlackRock’s 2024 inflows and 56% of Fidelity’s inflows
Sathvik Vishwanath, co-founder and CEO of Unocoin said: “During the US session, Bitcoin briefly reached $71,000 but retreated to $70,250. The cooling US job market, with job openings at a three-year low, has investors turning to Bitcoin as a safe haven. Bitcoin’s breakout of a symmetrical triangle at $69,000 signals an uptrend. The key levels to watch are the pivot point at $68,450 and resistance at $71,200. However, an RSI of 66.95 suggests overbought conditions, indicating a possible short-term pullback. Immediate support is at $69,600, with additional support at $68,450, reinforced by the 50-day EMA.”
Cryptocurrency prices
Bitcoin: Bitcoin BTC rose 2.93 percent to $71,010.26. Its 24-hour trading volume was $36.79 billion. It is currently ranked #1 on Coinmarketcap based on market cap. Bitcoin’s market dominance was 53.3%.
Ethereum: Ethereum ETH rose 0.60 percent to $3,786.85 from the previous day. Its 24-hour trading volume was $14.16 billion. Ethereum’s market dominance was 17.3%.
Lashing: Tie USDT it was trading at $1. It rose 0.04 percent. Its 24-hour trading volume was $70.31 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL rose 1.44 percent to $173.21. Its 24-hour trading volume was $2.45 billion.
Avalanche AVAX was trading at $36.17, up 3.91%. Its 24-hour trading volume was $354.10 million.
Cardano ADA fell 0.70% to $0.4615 from the previous day. Its 24-hour trading volume was $326.33 million.
Meme Coins
Dogecoin DOGE is up 2.73 percent with a 24-hour price of $0.1625.
Shiba Inu SHIB rose 6.44% to $0.00002553.
Decentralized Finance
The DeFi coin was trading at $0.05805, up 2.80%.
Yearn.Finance YFI rose 1.12 percent to $7,073.00 in the last 24 hours. Its 24-hour trading volume was $17.58 million.