Cryptocurrencies Market Cap Jump 3% as Bitcoin Crossed $98K
Market capitalisation of all cryptocurrencies jump by more than 3% in the last 24 hours as bitcoin price crossed $98,000 again. According to data from the CoinMarketCap.com, the global crypto market cap edged higher to $3.5 trillion, translating to a 3.11% increase over the last day.
The market has started to witness retail investors returning into digital assets trading, causing volume of transactions to rise. The total crypto market volume over the last 24 hours reached $123.58 billion, which makes a 5.72% increase. Significant part of the trade volume were on the buy side.
Data also showed that the total volume in DeFi printed at $10.31 billion, and the amount accounted for 8.34% of the total crypto market 24-hour volume. Similarly, the volume of all stable coins settled at $113.17 billion, which is 91.58% of the total crypto market 24-hour volume.
On Friday, major digital assets rose with Bitcoin (BTC-USD) crossing the $98,000 level. The CoinDesk Market Index, which tracks 126 digital assets, climbed 2.6% in the past 24 hours. The Nasdaq 100 was up 1.6% in late trading, while the S&P 500 and the Dow Jones Industrial Average climbed 1.2% and 0.8%, respectively.
Bitcoin was up 0.9% at $98,372, on a trading volume of $35.51 billion, down 23.5%, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly rise of more than 4%.
Ethereum (ETH-USD), the second-largest digital asset by market value, jumped 4.4% to $3,607, stretching its weekly gain to more than 8%. XRP (XRP-USD) gained 3.3%, while Solana (SOL-USD) advanced 4.2%. BNB (BNB-USD) added 0.9%. Dogecoin (DOGE-USD) surged 11.3%, and Cardano (ADA-USD) soared 16%.
The US 10-year Treasury yield closed at 4.598%, up from Thursday’s close of 4.573%, while the five-year yield rose to 4.412% from 4.378%. The total market value of the cryptocurrency industry increased 2.5% in the past 24 hours to $3.5 trillion, while the total 24-hour trading volume shrank nearly 9% to $120.21 billion. Navy Intercepts Boat Laden with 100,000 litres of Stolen Crude Oil in Ondo
