Bitcoin Rally Takes Crypto Market Cap to $2.54 Trillion
Bitcoin rally has taken cryptocurrency market cap to $2.54 trillion, according to data obtained from exchanges. The global crypto market cap surged by 0.45% day-on-day to $2.54 trillion as the largest crypto asset rallied.
The total crypto market volume over the last 24 hours declined by 4.38% to settle at $78.86 billion. Most major digital assets were mixed Thursday, Bitcoin (BTC-USD) advancing above the $68,000 level.
Demand came strongly following improved retail buying from investors. Over the past few days, the market has been fluctuating due to subdued sentiment while investors continue to look for underpriced cryptocurrency assets.
The CoinDesk Market Index, which tracks 192 digital assets, was up 1.3% in the past 24 hours. The Nasdaq 100, S&P 500 and the Dow Jones Industrial Average declined 1.1%, 0.6%, and 0.9%, respectively.
Bitcoin (BTC-USD), the largest cryptocurrency by market value, rose 1.6% in the last 24 hours to $68,262, according to CoinMarketCap data. Trading volume was $29.25 billion, up 9.8%. Bitcoin’s dominance is currently 53.09%, which represents an increase of 0.15% over the day.
Ethereum (ETH-USD), the second-largest digital asset, was trading 0.3% lower at $3,733. BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, climbed 0.5% while Solana (SOL-USD), the fourth-largest, was down 1.2%.
XRP (XRP-USD) shed 0.9%, Toncoin (TON-USD) was up 0.1%, and Dogecoin (DOGE-USD) lost 3.5%. Cardano (ADA-USD) was trading 0.6% lower. The US 10-year Treasury yield closed at 4.554% on Thursday, down from Wednesday’s 4.622%, while the five-year Treasury yield closed at 4.572%, down from Wednesday’s 4.640%.
The total market value of the cryptocurrency industry was up 1% in the last 24 hours at $2.55 trillion. The total trading volume decreased by 0.2% to $84.17 billion.
Data from Coinmarketcap.com showed that total volume in DeFi traded printed at $5.74 billion, accounting for 7.28% of the total crypto market 24-hour volume. The volume of all stable coins is now $74.21 billion, the exchange reported on its website, which is 94.10% of the total crypto market 24-hour volume. #Bitcoin Rally Takes Crypto Market Cap to $2.54 Trillion
