Cryptos Market Cap Hits $3.3T as Bitcoin Rises to $99,300
Bitcoin (BTC-USD) prices spiked above $99,300 early Friday as excitement over improved regulation continues. This has lifted the global crypto market cap to $3.3 trillion during the early trading session, a 3.80% increase over the last day.
The total crypto market volume over the last 24 hours reached $242.48 billion, which makes a 18.95% increase, according to data from CoinMarketCap.com.
The total volume in DeFi is currently $11.26 billion, 4.65% of the total crypto market 24-hour volume while volume of all stable coins settled at $218.92 billion, which is 90.28% of the total crypto market 24-hour volume.
During the campaign, President-elect Donald Trump’s promised crypto advisory council as part of plan to overhaul of U.S. policy on digital assets.
Excitement over a crypto-friendly Trump administration has helped push bitcoin to record highs and closer to the long-awaited $100,000 milestone.
Trump courted support and campaign donations from the sector with promises to be a “crypto president” and end President Joe Biden’s crackdown on crypto companies that regulators accused of flouting securities and anti-money laundering laws.
Bitcoin (BTC-USD) advanced toward $100,000 on Thursday as the most popular cryptocurrency extended a rally to a record amid optimism. Other major cryptocurrencies also soared.
The CoinDesk Market Index, which tracks 126 digital assets, jumped 5.3% in the past 24 hours. The Nasdaq 100 was up 0.1% in late trading, the S&P 500 rose 0.5% and the Dow Jones Industrial Average climbed 1.1%.
Bitcoin was up 3.6% at $97,978, shortly after reaching an all-time high of $99,014, according to CoinMarketCap data. The cryptocurrency’s 24-hour trading volume surged 38% to $103.35 billion.
Ethereum (ETH-USD), the second-largest digital asset, jumped 8.4% to $3,340. Solana (SOL-USD) climbed 8.2%, and BNB (BNB-USD) added 2.1%. XRP (XRP-USD) advanced 7.7% and Dogecoin (DOGE-USD) gained 2%. Cardano (ADA-USD) eased 2.2%.
The US 10-year Treasury yield closed at 4.43%, up from 4.404%, while the five-year yield rose to 4.302% from 4.273%. #Cryptos Market Cap Hits $3.3T as Bitcoin Rises to $99,300 FX Stability: CBN Sells 122.671m Dollars to 46 Authorised Dealers
