Bitcoin, Ethereum, Rebound after Retail Investors Book Profits
Bitcoin, Ethereum, and some other cryptocurrencies prices rebounded in the cryptocurrency market after massive sell pressure caused by retail investors profit-taking. However, the renewed interest in major cryptocurrencies assets lifted market capitalisation of all digital coins higher, weekend data showed.
According to information from CoinMarketcap.com, The global crypto market cap reached $3.34 trillion, a 0.64% increase over the last day Market data revealed that the total crypto market volume over the last 24 hours reached $189.96 billion, which makes a 47.73% decrease.
Also, the total volume in DeFi printed higher at $14.87 billion from the previous day, accounting for 7.83% of the total crypto market 24-hour volume. The volume of all stable coins is now $175.78 billion, which is 92.53% of the total crypto market 24-hour volume.
Major digital assets were mixed late Friday, with Bitcoin (BTC-USD) struggling for direction below the $97,000 level. The CoinDesk Market Index, which tracks 126 digital assets, rose 1.5% in the past 24 hours.
The Nasdaq 100 advanced 1% in late trading, while the S&P 500 rose 1.1% and the Dow Jones Industrial Average added about 1.2%. Bitcoin edged up 0.1% to $96,839 as its trading volume reached $109.24 billion, according to CoinMarketCap data.
The most popular digital currency, which hit an all-time high above $108,000 on Tuesday, was on track for a weekly loss of nearly 5%. Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 1.9% to $3,450, while dropping about 12% this week.
XRP (XRP-USD) added 0.9%, while BNB (BNB-USD) was 1.2% higher. Solana (SOL-USD) fell 1.9%, and Dogecoin (DOGE-USD) dipped 0.9%, while Cardano (ADA-USD) jumped 4.7%.
The US 10-year Treasury yield closed at 4.526%, easing from Thursday’s close of 4.568%, while the five-year yield dropped to 4.38% from 4.423%. # Bitcoin, Ethereum, Rebound after Retail Investors Book Profits NGX Index Ticks Up as GTCO, OANDO See Intraday Rally
