Bitcoin Nears $80,000 as Buying Interest Heats up Crypto Market
Market price of Bitcoin (BTCUSD) has surged near $80,000 at the last look today amidst sustained buying interest in the cryptocurrency markets. Ethereum (ETHUSD) price has also climbed, with Solana (SOLUSD), Cardano, Dogecoin and XRPUSD making similar uptrend.
BTCUSD is trading at $79.700 range, while ETHUSD is above $3200, SOLUSD is near $206… As prices of top digital assets increase, market capitalisation of all the cryptocurrency has expanded above $2.7 trillion mark.
Latest data obtained from CoinMarketCap.com showed that the global crypto market cap has increased by 4.79% to settle at $2.73 trillion. Trading activities has remained positive over the week with the total crypto market volume over the last 24 hours settling at $150.53 billion, which makes a 19.18% increase.
The total volume in DeFi is currently $9.26 billion, according to CoinMarketCap.com, which was 6.15% of the total crypto market 24-hour volume. Also, the volume of all stable coins has reached $135.62 billion, which is 90.09% of the total crypto market 24-hour volume.
Most major digital assets rose Friday with Bitcoin (BTC-USD) topping $77,000, extending a rally to a record. The CoinDesk Market Index, which tracks 126 digital assets, edged up 0.7% in the past 24 hours. US stocks gained with the Nasdaq 100 up 0.1%, the S&P 500 gaining 0.4% and the Dow Jones Industrial Average climbing 0.6%.
Bitcoin was up 0.2% at $76,658 with the most popular cryptocurrency on track for a weekly gain of more than 10%. It reached an all-time high of $77,252 earlier in the 24-hour period, according to CoinMarketCap data.
Bitcoin’s 24-hour trading volume fell 12% to $57.11 billion. Ethereum (ETH-USD), the second-largest digital asset, rose 1.5% to $2,933, with a weekly gain of almost 17%. Solana (SOL-USD) was 0.5% higher, while BNB (BNB-USD) dropped 0.9%.
XRP (XRP-USD) shed 1.3%, while Cardano (ADA-USD) jumped 10% and Dogecoin (DOGE-USD) added 1.6%. The US 10-year Treasury yield closed at 4.306%, down from Thursday’s close of 4.341%, while the five-year yield closed at 4.192%, up from 4.188%. Nigeria’s Eurobond Yield Slumps Below 10%
