Cryptocurrency market falls slightly
Global cryptocurrency markets fell slightly on Saturday. Market capitalization decreased by 1.50% to $2.33 trillion, and total trading volume decreased by 18.44% to $64.32 billion. Pepe PEPE was the most trending cryptocurrency. It fell 4.26% to $0.000007112. BitTorrent (New) BTT was the top gainer with a 24-hour trading volume of $777.44 million. It rose by 2.81%. The 24-hour trading volume was $49.23 million. Dogwifhat was the top loser. It fell by 10.13%. The 24-hour trading volume was $439.54 million.
DeFi fell by 1.89% to $5.36 billion, Coinmarketcap.com reported.
Also read: Bitcoin Miner Marathon raises 2024 hashrate target to 50 EH/s
“Bitcoin’s recent decline has pushed the token past its formidable support level of $65,000, sending the token into a correction phase.The current price is $64,223; Geopolitical tensions reflect a modest 0.12% decline in the Middle East and the S&P 500 as crypto market sentiment reflects broader economic sentiment. Re-involvement in price movements adds further complexity.”
He added: “The next support level is estimated at $61,000, and there are persistent concerns that the correction will deepen further. “This is causing concern. Yet institutional investors remain enthusiastic and are pouring money into BTC through ETFs.”
He further added: “Meanwhile, Ethereum is trying to break out of the 20-day moving average and could rise further to the 3400 level before facing resistance. If this level cannot be broken, the token could move towards the 3000 level. That means there is a possibility of him returning.” again. “
Cryptocurrency prices
Bitcoin:Bitcoin BTC fell 1.90% to $63,050.95. The 24-hour trading volume was $24.99 billion. It is currently ranked #1 on Coinmarketcap based on market capitalization. Bitcoin's market power was 53.4%.
Ethereum:Ethereum ETH fell 0.43% from the previous day to $3,213.15. The 24-hour trading volume was $11.21 billion. Ethereum's market power was 16.1%.
tether: Tether USDT was trading at $0.9997. It fell by 0.03%. The 24-hour trading volume was $46.39 billion. It is ranked 3rd on Coinmarketcap.
Other altcoins
Solana SOL fell 4.58% to $137.04. The 24-hour trading volume was $2.62 billion.
Avalanche AVAX was trading 3.12% lower at $34.38. The 24-hour trading volume was $357.71 million.
Cardano ADA fell 0.47% to $0.4601.
From the day before. The 24-hour trading volume was $344.47 million.
meme coin
Dogecoin DOGE fell by 2.71% with a 24-hour price of $0.1466.
Shiba Inu SHIB fell 2.63% to $0.00002498.
decentralized finance
The DeFi coin was trading at $0.04604, the same as yesterday.
Yearn.Finance YFI rose 0.17% in the past 24 hours to $7,015.27. The 24-hour trading volume was $16.55 million.
