Markets
Crypto Market Gains Slightly, Trading Volume Increases 24.61 Percent
Crypto Market Gains Slightly
The global crypto market rose slightly on Tuesday. The total market capitalization increased by 0.57 percent to $2.56 billion, while the total trading volume increased by 24.61 percent to $82.02 billion. Notcoin NOT was the most trending cryptocurrency. It rose 9.20 percent to $0.02317. Its 24-hour trading volume was $1.82 billion. Dog•Go•To•The•Moon DOG was the big winner. This is an increase of 27.17 percent. Its 24-hour trading volume was $87.46 billion. Bitget Token BGB was the big loser. This is a decrease of 5.37 percent. Its 24-hour trading volume was $91.67 million.
DeFi fell 0.18 percent to $5.67 billion, Coinmarketcap.com reported.
Read also: Ethereum’s Linea Blockchain Pause Highlights Slow Progress in Decentralizing Layer 2 Networks
Rajagopal Menon, Vice President of WazirX, said: “Ethereum is hovering around its 50-day exponential moving average, a key support level. Technical indicators are turning positive, with the Stochastic indicator suggesting a potential uptrend. However, a fall below $3,641.82 could signal a bearish correction, targeting $3,360.31.
He further mentioned: “Bitcoin is testing a critical resistance level at $69,110.00. Breaking above this level could push Bitcoin higher, with initial targets of $70,645.00 and possibly extending to $73,800.00. The bullish outlook for Bitcoin remains valid as long as it stays above $67,080.00.
He added: “Market optimism is reinforced by the Federal Reserve’s upcoming policy meeting, with expectations that interest rates will remain stable. Investors are hoping that possible rate cuts in the coming months could further support the crypto market. »
Cryptocurrency prices
Bitcoin: Bitcoin BTC rose 1.12 percent to $69,158.39. Its 24-hour trading volume was $30.13 billion. It is currently ranked number 1 on Coinmarketcap, in terms of market capitalization. Bitcoin’s market dominance was 52.5 percent.
Ethereum: Ethereum ETH fell 0.85 percent to $3,771.75 from the previous day. Its 24-hour trading volume was $14.18 billion. Ethereum’s market dominance was 18.1 percent.
Attached: Tether USDT was trading at $0.9997. This is an increase of 0.08 percent. Its 24-hour trading volume was $64.01 billion. It is ranked third on Coinmarketcap.
Other Altcoin
Solana SOL rose 2.23 percent to $166.85. Its 24-hour trading volume was $2.06 billion.
Avalanche AVAX was trading at $35.11, up 0.25 percent. Its 24-hour trading volume was $361.97 million.
Cardano ADA fell 2.70 percent to $0.4594 from the previous day. Its 24-hour trading volume was $308.39 million.
Meme Coins
Dogecoin DOGE fell by 0.71 percent, with a 24-hour price of $0.1584.
Shiba Inu SHIB fell 3.84 percent to $0.0000237.
Decentralized finance
The DeFi coin was trading at $0.05641, the same as yesterday.
Yearn.Finance YFI fell 1.08 percent to $7,012.08 over the past 24 hours. Its 24-hour trading volume was $16.32 million.