Bitcoin Climbs after Crypto Market Sell Pressures
Trading on the recovery line at the crypto exchange, the market price of Bitcoin has increased by 1.4% in 24 hours after crypto market sell pressures at the beginning of the week. Retail investors’ profit-taking activities had impacted the top 10 cryptocurrency price movement negatively.
The bearish outing dragged the market value of cryptos downward amidst global economic uncertainties. According to data from CoinMarketCap.com, the largest digital crypto asset has increased to $105,400.
Also, Ethereum, the second largest digital asset, is doing well with more than a 4% price surge in the last 24 hours. On Monday, major digital assets were mixed, with Bitcoin (BTC-USD) holding above the $104,000 level.
The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.2% in the past 24 hours. The Nasdaq 100 rose 0.7% in late trading, the S&P 500 was up 0.4%, and the Dow Jones Industrial Average increased 0.02%.
Bitcoin was down 0.7% at $104,399, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume surged 25.8% to $44.68 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, was up 0.4% to $2,529. XRP (XRP-USD) lost 0.2%, BNB (BNB-USD) gained 0.8%, and Solana (SOL-USD) fell 2.3%. Dogecoin (DOGE-USD) declined 1.2%, and Cardano (ADA-USD) was down 0.9%.
The US 10-year Treasury yield stood at 4.460% yesterday , up from 4.418% on Friday, while the five-year yield rose to 4.014% from 3.979%. The total market value of the cryptocurrency industry fell 0.6% in the past 24 hours to $3.26 trillion, with trading volume up 14.6% to $99.78 billion. #Bitcoin Climbs after Crypto Market Sell Pressures Benchmark Yield on Nigeria’s Bonds Falls in Post-Auction Rally
