The total volume in DeFi is currently $1.87 billion, 7.77% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.1 billion, which is 96.09% of the total crypto market 24-hour volume.
The crypto tokens were majorly trading lower on Tuesday. Bitcoin (BTC) fell 1.09% to $25,693, whereas Ethereum (ETH) was below the 1,650 level.
The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours.
“Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,” Edul Patel, CEO & Co-Founder of Mudrex, said.
Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.
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View Details »The total volume in DeFi is currently $1.87 billion, 7.77% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.1 billion, which is 96.09% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 48.27%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $10.66 billion, rising 9.83% in the last 24 hours.
“Bitcoin is trading in a tight range between $25,500 and $26,200 with low volume and bearish momentum. It is likely to revisit $25,200 in the upcoming weeks to get a rebound. June low of $24,800 will serve as key support,” Vikram Subburaj, CEO at Giottus Crypto Platform, said.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin said, “Bitcoin (BTC) is facing a challenging environment with prices currently at $25,645 and a potential drop to $22,000 looming. This downtrend is attributed to bearish signals in BTC derivatives.”
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.20 hours, IST on September 5, 2023)
Bitcoin $25,693 -1.09%
Ethereum $1,621 -0.99%
Tether $0.9994 -0.03%
BNB $214 -0.02%
XRP $0.5035 -0.51%
Cardano $0.2565 -0.25%
Dogecoin $0.06375 0.87%
Solana $19.26 -2.66%
Polygon $0.555 1.83%
Litecoin $63.02 1.87%
Polkadot $4.24 -0.71%
Tron $0.07738 0.48%
Shiba Inu $0.000007483 -3.12%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)