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Crypto Price Update: Global Market Rallies, Boosted By Gains In Bitcoin, Ethereum And Other Cryptos

The global cryptocurrency market was up by 1.48 per cent. Pepe PEPE was the most trending cryptocurrency, while Shiba Inu SHIB was the top gainer and Mantle MNT was the top loser

Outlook Money

Updated on: 9 August 2023 9:41 am

Crypto Price Update: Global Market Rallies, Boosted By Gains In Bitcoin, Ethereum And Other Cryptos

The global cryptocurrency limped back up on Wednesday after a lackluster trading session the?previous day, buoyed by significant price gains across crypto assets. The market rose 1.48 per?cent to $1.18 trillion, with a trading volume of $36.46 billion, up 11.78 per cent.??

While price fluctuations are common in the crypto market, Wednesday’s gains indicate the?market’s resilience against various headwinds, including the Securities and Exchange?Commission’s (SEC) actions against firms for rule violation and Senate calls for strict laws.??

On Wednesday, Pepe (PEPE) was the most trending cryptocurrency, up by 6.72 per cent to?$0.000001189. Its 24-hour trading volume was $149 million. Shiba Inu (SHIB) was the top?gainer, up 7.26 per cent to $0.000009626, with a 24-hour trading volume of $353 million.

Mantle (MNT) was the top loser, down 5.52 per cent to $0.4749 in the last 24 hours. Its 24-hour?trading volume was $46 million.

DeFi fell 7.40 per cent to $2.7 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin:?Bitcoin was up by 1.61 per cent to $29,685.56. Its 24-hour trading volume was $18?billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s?market dominance was at 48.91 per cent, up by 0.11 per cent over the last 24 hours.

Ethereum:?Ethereum was up by 1.15 per cent to $1,854.24 from the previous day. Its 24-hour?trading volume was $5.8 billion.

Tether:?Tether was up by 0.10 per cent to $0.9997 in the last 24 hours. Tether’s 24-hour trading?volume was $26 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana (SOL) was up 4.96 per cent to $24.42. Its 24-hour trading volume was $513 million.?

Avalanche was trading at $12.66, up by 1.26 per cent, while its 24-hour trading volume was?$124 million.

Cardano ADA was up by 1.86 per cent to $0.2976 from the previous day. Its 24-hour trading?volume was $314 million.

Meme Coins

Dogecoin (DOGE) was up by 1.58 per cent, with a 24-hour price of $0.0749.

Shiba Inu was up by 7.86 per cent to $0.000009666.

Decentralised Finance

DeFi coin was trading at $0.001277, up by 0.82 per cent.

Yearn.Finance was down by 1.00 per cent to $6,344.23 over the last 24 hours, while its 24-hour?trading volume was $25.7 million.