Bitcoin Price Slips to $96,000 after Early Rally
Bitcoin (BTC-USD) price slipped to $96,000 after previous rally that nudged global market capitalisation higher. Retail investors have continued to take profit, and this kept market growth in check.
Despite this, the global crypto market cap reached $3.4 trillion early hour on Friday trading session, a 1.21% increase over the last day. The total crypto market volume over the last 24 hours is $116.84 billion, which makes a 13.08% increase, according to CoinMarketCap.com.
Data showed that the total volume in DeFi is currently $8.79 billion, accounting for 7.52% of the total crypto market 24-hour volume. Also, the volume of all stable coins printed at $107.61 billion, which is 92.10% of the total crypto market 24-hour volume.
Major digital assets were firmer Thursday, with Bitcoin trading above the $97,000 level. The CoinDesk Market Index, which tracks 126 digital assets, rose 3.3% in the past 24 hours.
US stock indexes were in the red in late trading, with the Nasdaq 100 down 0.3%, while the S&P 500 and the Dow Jones Industrial Average about 0.3% and 0.4% lower, respectively.
Bitcoin climbed 3% to $97,433, with a trading volume of $46.5 billion, up 90.5%, according to CoinMarketCap data. Ethereum (ETH-USD), the second-largest digital asset by market value, was up 2.9% at $3,450.
XRP (XRP-USD) rose 3.6%, while BNB (BNB-USD) was down 0.2%, and Solana (SOL-USD) added 6.8%. Dogecoin (DOGE-USD) was 4% higher, and Cardano (ADA-USD) rose 3.9%.
The US 10-year Treasury yield closed at 4.573%, up from Tuesday’s close of 4.569%, while the five-year yield fell to 4.378% from 4.382%. #Bitcoin Price Slips to $96,000 after Early Rally Navy Intercepts Boat Laden with 100,000 litres of Stolen Crude Oil in Ondo
