Bitcoin Crosses $91,400, Market Cap Hits $3.05 Trillion
The unending cryptocurrency market took a new turn as the price of Bitcoin has now crossed $91,400, trading data from the exchange showed. Strong demand for Bitcoin Exchange Traded Fund has supported the ongoing price uptick amidst expectation of friendly regulation in US under Donald Trump administration.
Investors are taking positions following Trump’s speech and body language to support the digital assets investing ecosystem. Due to the BTC-USD and other top 10 crypto assets price surge, the global crypto market cap reached $3.05 trillion, a 3.18% increase over the last day.
The total crypto market volume over the last 24 hours settled at $188.05 billion, which makes a 13.91% decrease, according to data from CoinMarketCap.com. Also, the total volume in DeFi advanced due to latest rally, settling at $8.24 billion, accounting for 4.38% of the total crypto market 24-hour volume. The volume of all stable coins is now $169.75 billion, which is 90.27% of the total crypto market 24-hour volume.
Major digital assets were mixed late Friday with Bitcoin (BTC-USD) clawing back some recent declines and trading above $91,000.
The CoinDesk Market Index, which tracks 126 digital assets, was up 2.1% in the past 24 hours. US stock indexes were in the red with the Nasdaq 100 down 2.5% in late trade, while the S&P 500 and Dow Jones Industrial Average fell 1.4% and 0.7%, respectively.
Bitcoin jumped 3.9% to $91,211 with a trading volume of $81.9 billion, down 8%, according to CoinMarketCap data. The most popular cryptocurrency is on track for a weekly gain of about 19%, having rallied this week to a record high of $93,434.
Ethereum (ETH-USD), the second-largest digital asset, dipped 0.7% to $3,080, paring its weekly rise to about 5%. Solana (SOL-USD) gained 1%, while BNB (BNB-USD) shed 2.7%.
Dogecoin (DOGE-USD) slumped 3.2%, while XRP (XRP-USD) and Cardano (ADA-USD) surged 10% and 20%, respectively. The US 10-year Treasury yield closed at 4.424%, down from Thursday’s close of 4.426%, while the five-year yield dropped to 4.294% from 4.305%. #Bitcoin Crosses $91,400, Market Cap Hits $3.05 Trillion Naira Rises against US Dollar Ahead of Sept. FX Auction
