Bitcoin Rises by 3.3% as Top Cryptocurrencies Rally
Bitcoin (BTC-USD) price crossed $102,000 on Friday, up by about 3.3% over 24 hours as major digital assets boost global cryptocurrencies market capitalisation. The surge was boosted by interest in stablecoins as pressures on Bitcoin linked exchange traded funds eased.
According to data from CoinMarketCap.com, the global crypto market cap inched higher to $3.6 trillion due to buying interest, translating to a 2.61% increase over the last day.
On the back of the latest rally, the total crypto market volume over the last 24 hours reached $166.73 billion, which makes a 2.13% increase. Supporting the surge, the total volume in DeFi printed at $11.33 billion, accounting for 6.79% of the total crypto market 24-hour volume.
Also, the volume of all stable coins settled at $150.91 billion, which is 90.51% of the total crypto market 24-hour volume. On Thursday, major digital assets were mostly firmer, with Bitcoin (BTC-USD) topping $100,000. The CoinDesk Market Index, which tracks 124 digital assets, rose 1% in the past 24 hours.
US stock indexes were little changed to lower with the Nasdaq 100 down 0.6% and the S&P 500 and the Dow Jones Industrial Average steady. Bitcoin, the most popular cryptocurrency, gained 0.8% to $100,563 with the 24-hour trading volume declining 3% to $54.13 billion, according to CoinMarketCap data.
Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 3.2% to $3,336. XRP (XRP-USD) surged 12%, Solana (SOL-USD) gained 4.7%, and BNB (BNB-USD) advanced 0.7%. Dogecoin (DOGE-USD) climbed 2%, and Cardano (ADA-USD) jumped 6.5%.
The US 10-year Treasury yield closed at 4.604%, down from Wednesday’s close of 4.651%, while the five-year yield eased to 4.394% from 4.442%. #Bitcoin Rises by 3.3% as Top Cryptocurrencies Rally $9.6bn P&ID Scam: I’ve No Witness to Call, Briton Tells Court
