Bitcoin Tops $101,000 Again after Brief Selloffs
Bitcoin reclaimed the $101,000 price mark in the cryptocurrency market on Thursday. The world’s largest crypto asset had crossed $101,000 on Wednesday but retreated due to retail investors mild selloffs.
Its price crossed $101.000 Thursday afternoon as demand began to pick, while price direction suggests fluctuation could persist. Profit-taking at that level has continued to block BTC-USD from climbing higher, but some crypto-optimists believe that the next big resistance will be crossed in December.
At the currency price level, the global crypto market cap hit $3.7 trillion again, representing about a 5% increase over the last day. The total crypto market volume over the last 24 hours printed at $218.3 billion on CoinMarketCap.com, which makes a 18.82% decrease.
The total volume in DeFi is currently $19.27 billion, representing 8.83% of the total crypto market 24-hour volume. The volume of all stable coins is now $202.15 billion, which is 92.60% of the total crypto market 24-hour volume.
At the press time, Bitcoin’s dominance trend at 54.81%, a decrease of 0.67% over the day. On Wednesday, major digital assets advanced with Bitcoin (BTC-USD) trading above $101,000. The CoinDesk Market Index, which tracks 126 digital assets, have accelerated due to buying momentum and slight sell pressure.
The Nasdaq 100 and S&P 500 were up 1.8% and 0.9% in late trade, respectively, while the Dow Jones Industrial Average eased 0.1%. Bitcoin was 5.1% higher at $101,460, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume shrank 27% to $87.15 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, jumped 5.1% to $3,833. XRP (XRP-USD) surged 6.2%, while Solana (SOL-USD) soared 7.3%. BNB (BNB-USD) added 4.4%, Dogecoin (DOGE-USD) gained 6.4%, and Cardano (ADA-USD) advanced 10.9%.
The US 10-year Treasury yield closed at 4.269%, up from Tuesday’s close of 4.219%, while the five-year yield rose to 4.133% from 4.095%. #Bitcoin Tops $101,000 Again after Brief Selloffs Nigerian Exchange Rises by N423bn on Strong Bargain Hunting
