Bitcoin Drags Global Crypto Market Value Down to $2.1T
The global cryptocurrency market capitalisation declined by 2.18% to settle around $2.1 trillion on Thursday amidst strong swing in price movement that plunge Bitcoin lower.
Currently, Bitcoin is trading at $60,500 amidst negative price movement. The largest crypto asset has lost more than 6% of its market value in the last six days.
The total crypto market volume over the last 24 hours reached $93.47 billion, according to data from CoinMarketCap.com, which makes a 21.73% decrease of the last day.
The total volume in DeFi is currently at $5.07 billion, according market report, which is 5.42% of the total crypto market 24-hour volume traded in the Exchange. The volume of all stable coins is now $85.77 billion, which is 91.76% of the total crypto market 24-hour volume.
Yesterday, most major digital assets were in the red late Wednesday, with bitcoin (BTC-USD) dropping close to $60,000.
The CoinDesk Market Index, which tracks 134 digital assets, shed 2.9% in the past 24 hours, while US stock indexes were edging higher. The Nasdaq 100 rose 0.3%, while the S&P 500 and Dow Jones Industrial Average were up about 0.1% each.
Bitcoin, the most popular cryptocurrency, dropped 2.6% to $60,189. Ethereum (ETH-USD), the second-largest digital asset, slumped 4.9% to $2,375.
BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, lost 2.1%, while Solana (SOL-USD), the fourth-largest, tumbled 4.8%. XRP (XRP-USD) sank 5.5%, Cardano (ADA-USD) slid 4.7%, and Dogecoin (DOGE-USD) dipped 1.6%.
The US 10-year Treasury yield closed at 3.783%, up from Tuesday’s close of 3.741%, while the five-year yield closed at 3.552%, up from 3.521%. #Bitcoin Drags Global Crypto Market Value Down to $2.1T
