Bitcoin Down, Ethereum Back From All-Time Low; PancakeSwap (CAKE) Most Trending Crypto
Bitcoin (BTC), the world’s largest cryptocurrency was down, while Ethereum (ETH) bounced back from its all-time low on Friday evening. Meanwhile, today’s most searched crypto was PancakeSwap (CAKE), a decentralised finance protocol.
Market Statistics
The global crypto market capitalisation went up by 0.92 per cent to $1.1 trillion as of 4.30 pm. The global crypto volume was up by 2.40 per cent to $65.07 billion, according to Coinmarketcap data.
The trading volume in decentralised finance (DeFi) was about $6.46 billion or 9.93 per cent of the total crypto market over the last 24 hours. The volume of all Stablecoins is $58.96 billion or about 90.60 per cent of the total crypto market volume in the last 24 hours.
Bitcoin: As of 4.30 pm, Bitcoin fell by 0.09 per cent to $23,192.62 and currently commands a 40.37 per cent dominance in the crypto market.
In other news, the UK royal courts have denied the statements of tech expert and businessman, Craig Wright, who had claimed to be Bitcoin’s inventor, and white paper author of Blockchain, Satoshi Nakamoto. Even cryptocurrency enthusiast Peter McCormack has refuted these claims.
Ethereum: The price of Ethereum (ETH) this evening was $1,718.90, and it was up by 3.08 per cent.
As regard the price movement, Ethereum touched a new low with each passing hour, reaching its lowest price of $1,708 at 2:19 pm, slightly higher than its opening price of 1,667.2. Its trading volume also jumped by 19.79 per cent at $17,904,527,891.
Other Altcoins
Solana’s price was up by 0.08 per cent at $40.56 today.
Cardano (ADA) rose by 1.18 per cent at $0.5186. The 24-hour trading volume for ADA was up by 1.24 per cent at $506,705,569.
Binance coin (BNB) was down by 1.37 per cent at $315.45. Its 24-hour trading volume was down by 20.71 per cent at $1,374,003,154.
Meme Coins
Dogecoin (DOGE) was up by 0.71 per cent at $0.06993. Its 24-hour trading volume was up by 21.94 per cent at $355,760,281.
Shiba Inu (SHIB) was up by 0.48 per cent at $0.00001213.
Decentralised Finance (DeFi)
Yearn.Finance (YFI) was up by 7.12 per cent at $11,802.86. Its 24-hour trading volume was up by 95.27 per cent at $168,386,804.
