Bitcoin Rebounds Nudges Cryptos Market Cap to $2T
The global crypto market cap has climbed back to $2 trillion mark after Bitcoin rebounded from its sloppy side. Bitcoin climbed 1.64% in the last 24 hours to $56, 700 range after a falling spree that lowered the market price of the world’s largest crypto asset to $52,000 range on Monday.
The sell down was in line with global meltdown fear after unexpected job figure in U.S. The fear that U.S would slipped into recession cause global market selling and crypto market didn’t escape the moment.
Ethereum, the world’s second largest crypto asset, also fell rapidly, but as it is with Bitcoin, ETH is also on its way up today. Data from coinmarketcap.com showed that Ethereum is up, now trading at $2,500 from $2,300 due to retail investors repositioning in the cryptocurrency space.
BNB is $491, having seen a marginal gain of 15 basis points over the last 24 hours in the market. BNB is down by 16% in the last 24 hours in the market. The global crypto market cap is $2.01 trillion, representing a 1.25% increase over the last day.
Data from the crypto exchange showed that the total crypto market volume over the last 24 hours reached $102.66 billion, which is a 39.35% decrease. DeFi volume reached $4.79 billion during the early hour on Wednesday, accounting for 4.67% of the total crypto market 24-hour volume traded in the market.
In addition , the volume of all stable coins reached $96.56 billion, which is 94.06% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 55.87%, an increase of 0.22% over the day. #Bitcoin Rebounds Nudges Cryptos Market Cap to $2T
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