Global Cryptos Market Cap Nears $3.6 Trillion on Fresh Rally
The momentum in the cryptocurrency market increased further on Wednesday as retail investors put bets on top major assets. Bitcoin (BTC-USD) and Ethereum (ETH-USD) reclaimed their lost positions on the back of positive price movement as the investment environment heated up ahead of Yuletide.
Orange coin is about $97,000 during early trading hours on Wednesday, up by 1.677%, while Ether has reached $3,722 at the same time, up by more than 3% in the last 24 hours
According to data from the CoinMarketcap.com, the global crypto market capitalisation advanced father on Wednesday to $3.56 trillion, a 3.15% increase over the last day. The total crypto market volume traded over the last 24 hours settled at $292.16 billion, which makes a 10.81% increase.
Also, the total volume in DeFi has reached $26.19 billion, accounting for 8.96% of the total crypto market 24-hour volume. The volume of all stable coins prints at $258.94 billion, which is 88.63% of the total crypto market 24-hour volume.
Market reports revealed that major digital assets were mixed late Tuesday with Bitcoin (BTC-USD) struggling for direction above $95,000. The CoinDesk Market Index, which tracks 126 digital assets, was down 0.2% in the past 24 hours.
The Nasdaq 100 edged up 0.4% in late trade, while the Dow Jones Industrial Average eased 0.2% and the S&P 500 was little changed. Bitcoin was less than 0.1% higher at $95,697 yesterday, according to CoinMarketCap data.
The most popular cryptocurrency declined past 8% to $65.98 billion before sentiment improved thereafter. Ethereum (ETH-USD), the second-largest digital asset by market value, was down 0.2% at $3,606.
XRP (XRP-USD) shed 3%, while Solana (SOL-USD) rose 2.8%. BNB (BNB-USD) also bucked the trend with an 11.5% gain. Dogecoin (DOGE-USD) lost 2.1%, while Cardano (ADA-USD) added 0.9%.
The US 10-year Treasury yield closed at 4.221%, up from Monday’s close of 4.194%, while the five-year yield rose to 4.106% from 4.093%. #Global Cryptos Market Cap Nears $3.6 Trillion on Fresh Rally FBN Holdings Sheds 8% as Investors Exit Positions
