Bitcoin Relapses after Topping $63,000
Bitcoin price retreated on Tuesday after topping $63,000 in the cryptocurrencies market yesterday. The price decline in the world most popular crypto asset dragged market value of all cryptocurrencies down to $2.31 trillion, a 0.07% decrease over the last day.
According to data from CoinMarketCap.com, the total crypto market volume surged by 1.171% to $53.93 billion on Tuesday amidst selling pressure by retails investors. Bitcoin has declined to $62.5,000 at the time of writing.
Also, the total volume in DeFi has reached $3.93 billion, which accounted for 7.29% of the total crypto market 24-hour volume traded.
Most major digital assets rose on Monday with bitcoin (BTC-USD) topping $63,000. The CoinDesk Market Index, which tracks 192 digital assets, was up 2.3% in the past 24 hours.
Bitcoin (BTC-USD), the largest cryptocurrency by market value, was 1.9% higher in the past 24 hours at $63,126, according to CoinMarketCap data. Trading volume surged 86.9% to $27.16 billion.
Ethereum (ETH-USD), the second-largest digital asset, gained 1.3% to $3,467. BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, was up 0.5%, while Solana (SOL-USD), the fourth-largest, added 1.4%.
XRP (XRP-USD) rose 0.6%, Dogecoin (DOGE-USD) climbed 1%, Cardano (ADA-USD) advanced 4.7% and Toncoin (TON-USD) was 1.5% higher.
The US 10-year Treasury yield closed at 4.475%, up from 4.29% on Friday, while the five-year Treasury yield closed at 4.438%, up from 4.303%.
Information from crypto exchange revealed that the volume of all stable coins is now $50.02 billion, accounting for 92.74% of the total crypto market 24-hour volume. CAC Registration Deadline: Ambassador Urges POS Agents, Small Businesses to Avoid Delay
