Bitcoin Races Near $92,000 on ‘Existing Euphoria’
Bitcoin price is racing near $92,000 level on existing euphoria that follows U.S. election victory in favour of Donald Trump. The crypto market activities have been heated up with buying activities on top assets across exchanges.
Data from CoinMarketCap.com showed Bitcoin has gained more than 13% in the last seven days to settle at $91,923 during early trading hours on Monday. Increased demand for exchange-traded funds has continued to drive the Bitcoin price upward, with estimates showing the world’s largest crypto asset could cross $100,000 in 2024
Dogecoin is the best performer over the last seven trading sessions, having gained more than 33% due to Elon Musk effects, some crypto analysts claimed. With the rally, the global crypto market cap has crossed previous resistance, settling at $3.08 trillion, a 1.27% increase over the last day.
The total crypto market volume over the last 24 hours reached $153.24 billion, which makes a 14.44% decrease, according to CoinMarketCap.com
The total volume in DeFi is now at $9.72 billion, accounting for 6.34% of the total crypto market 24-hour volume. The volume of all stable coins settled at $138.52 billion, which is 90.39% of the total crypto market 24-hour volume.
Ethereum (ETH-USD), the second-largest digital asset, dipped 0.3% to $3,124. Solana (SOL-USD) gained 1%, while BNB (BNB-USD) shed 0.27%. Dogecoin (DOGE-USD) surged by 0.4%, while XRP (XRP-USD) and Cardano (ADA-USD) are down. Naira Depreciates Ahead of 2-Week Automated FX Trading Trial
