Markets
Crypto market declines slightly, trading volume decreases; Bitcoin down, Ethereum up
Crypto Market Drops Slightly
The global crypto market declined slightly on Saturday. Total market capitalization decreased by 0.35 percent to $2.53 billion, while total trading volume fell by 0.68 percent to $73.7 billion. Notcoin NOT was the most trending cryptocurrency. It rose 6.88 percent to $0.01247. Its 24-hour trading volume was $564.13 million. JasmyCoin JASMY was the top gainer. This is an increase of 15.69 percent. Its 24-hour trading volume was $453.31 million. Ordi ORDI was the big loser. This is a drop of 9.05 percent. Its 24-hour trading volume was $302.90 million.
DeFi fell 0.41 percent to $5.95 billion, Coinmarketcap.com reported.
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Rajagopal Menon, Vice President of WazirX, said: “At the time of writing, Bitcoin is trading at $67,664, down 1.36% in the last 24 hours. BTC’s market cap fell to $1.333 trillion, with a 24-hour trading volume decline of 6.71. % to $26.8 billion, reflecting reduced merchant interest. Bitcoin remains in a consolidation phase between $66,000 and $70,000.
He further mentioned: “On the daily chart, Bitcoin is struggling to close above the $69,000 resistance, and needs to break through this level to continue its uptrend. The next resistance points are $72,000 and $73.7,000. The main support levels are the EMA21 at $67,241 and EMA55 at $65,528.”
He added: “Bitcoin hit an all-time high of $73,000 in early March. This rise led to a sell-off by long-term holders, causing oversupply and a price correction. Recent Bitcoin ETF inflows, averaging $242 million per day, suggest renewed buying interest despite continued selling pressure from miners of $32 million per day.
Cryptocurrency prices
Bitcoin: Bitcoin BTC fell 1.20 percent to $67,616.67. Its 24-hour trading volume was $26.31 billion. It is currently ranked number 1 on Coinmarketcap, in terms of market capitalization. Bitcoin’s market dominance was 52.7 percent.
Ethereum: Ethereum ETH was up 0.97 percent to $3,768.11 from the previous day. Its 24-hour trading volume was $15.10 billion. Ethereum’s market dominance was 18.0 percent.
Attached: Tether USDT was trading at $0.9992. This is a decrease of 0.06 percent. Its 24-hour trading volume was $56.85 billion. It is ranked third on Coinmarketcap.
Other Altcoins
Solana SOL rose 0.39 percent to $166.95. Its 24-hour trading volume was $2.30 billion.
Avalanche AVAX was trading at $35.93, down 0.26 percent. Its 24-hour trading volume was $278.42 million.
Cardano ADA rose 0.19 percent to $0.4484 from the previous day. Its 24-hour trading volume was $267.51 million.
Meme Coins
Dogecoin DOGE rose 0.05 percent, with a 24-hour price of $0.1592.
Shiba Inu SHIB fell 1.95 percent to $0.00002523
Decentralized finance
The DeFi coin was trading at $0.05698, down 11.51%.
Yearn.Finance YFI fell 1.17 percent to $6,920.44 over the past 24 hours. Its 24-hour trading volume was $14.24 million.