Markets
Crypto Market Rises Slightly, Trading Volume Declines
Crypto market rises slightly
The global crypto market rose slightly on Friday. The total market capitalization increased by 2.75 percent to $2.43 billion, while the total trading volume decreased by 2.77 percent to $74.41 billion. GameStop GME was the top trending cryptocurrency. It rose by 60.44 percent to $0.01955. Its 24-hour trading volume was $176.00 million. Floki FLOKI was the best winner. This is an increase of 10.77 percent. Its 24-hour trading volume was $789.40 million. WorldCoin WLD was the big loser. This is a decrease of 9.30 percent. Its 24-hour trading volume was $612.65 million.
DeFi fell 1.35 percent to $5.47 billion, Coinmarketcap.com reported.
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Rajagopal Menon, Vice President of WazirX, said: “Bitcoin surged above $66,000, driven by inflows into spot ETFs and positive US economic data. Analysts expect this bullish momentum to continue, potentially pushing BTC beyond its all-time high of $74,000 next week, due to growing institutional demand and increased risk appetite. After recovering from a recent market correction, Bitcoin showed resilience, rising from the $62,000 region to $66,000. Despite a harsh rejection at $66,861, BTC remains bullish, gaining over 4%. weekly and monthly charts.
He further mentioned, “Cryptoes are stuck in a tight range amid BTC fluctuations. Currently trading at $7.48, UNI Coin is moving towards resistance at $8.35, with support at $6.73. Significant breakouts are expected if these levels are exceeded. Whale interest in UNI Coin is showing weakness, with daily transactions above $100,000 down 44% and those above $1 million down 50% over 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 number 1 on Coinmarketcap, in terms of market capitalization. Bitcoin’s market dominance was 52.7 percent.
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 percent.
Attached: Tether USDT was trading at $1.00. This is an increase of 0.03 percent. Its 24-hour trading volume was $55.94 billion. It is ranked third on Coinmarketcap.
Meme Coins
Dogecoin DOGE rose 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.