Bitcoin Climbs as Crypto Investors Regain ‘Mojo’
Bitcoin (BTC-USD) price trade position in the cryptocurrency market on Wednesday as retail, and institutional investors regained their mojo with heightened market activity and engagement.
Increased retail and investors demand for BTCUSD also drove the global crypto market cap by about 0.7% to $2.88 trillion. This week, BlackRock spot Bitcoin exchange traded fund (ETF) made another major move scooping up 480 BTC worth a whopping $42 million.
According to data from the CoinMarketCap.com, the world’s largest digital asset, BTCUSD, has gained 4.61% in the last seven trading session, trading at $87, 824 at the press time.
The increased market activity pushed Bitcoin market value to about $1.74 trillion, and its market dominance is currently 60.47%. The total crypto market volume over the last 24 hours printed at $76.24 billion, according to data obtained from the Exchange, which makes a 3.51% decrease.
Also, data revealed that the total volume in DeFi is currently $5.61 billion, 7.36% of the total crypto market 24-hour volume. The volume of all stable coins reached $71.84 billion on Wednesday, which is 94.23% of the total crypto market 24-hour volume.
On Tuesday, the cryptocurrency market experienced a slight retreat today, with its total market capitalization slipping by 0.18% to $2.84 trillion. BTC saw a modest 0.24% decline on the day, settling at $86,645.
Despite this price stagnation, trading volume for BTC surged by 88.10% to $33.25 billion, reflecting heightened market activity and engagement. After latest mark rout, several cryptocurrencies have started to regain strength with remarkable breakouts. #Bitcoin Climbs as Crypto Investors Regain ‘Mojo’ Foreign Investors Bet on Nigerian Tops Stocks
