In Tuesday’s trading session, the cryptocurrency markets displayed a mixed performance. Bitcoin (BTC), Tron (TRX), Binance Coin (BNB), and Litecoin (LTC) recorded gains, while Ethereum (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) experienced declines.
Bitcoin saw a modest increase of 0.32%, reaching a price of $30,360. Ethereum, on the other hand, remained above the $1,850 level. The 24-hour trading volume for Bitcoin amounted to approximately $15.25 billion, marking a 14.39% increase.
According to Vikram Subburaj, the CEO of Giottus Crypto Platform, Bitcoin’s market dominance remained above 50%, demonstrating its resilience above the $30,000 mark. It is anticipated that Bitcoin will consolidate around this level in the upcoming week. If it manages to break the resistance at $32,400 in the coming days, a strong rally towards $35,000 levels could ensue.
The global cryptocurrency market cap was valued at around $1.18 trillion, exhibiting a 0.27% increase within the last 24 hours.
In the realm of decentralized finance (DeFi), the total volume amounted to $2.79 billion, which accounted for 7.58% of the total cryptocurrency market’s 24-hour volume. Additionally, the volume of all stablecoins reached $34.23 billion, representing 92.96% of the total crypto market’s 24-hour volume.
The surge in the DeFi sector underscores its growing importance in the cryptocurrency market.