Bitcoin Rises Near $102,000, other Digital Assets Rally
The bitcoin price has climbed near the $102,000 level in a fresh rally that started in the New Year ahead of Donald Trump’s, U.S. President elect, inauguration. The latest rally appears all-encompassing as all the top digital assets gained traction.
The top 10 cryptocurrencies assets across cryptos exchange were making an uptrend that could lift their individual market price higher in the absence of profit-taking activities from retail investors.
Consequently, the global crypto market cap has advanced to $3.59 trillion on Tuesday, representing a 1.83% increase over the last day as volume traded spiked strongly. Data revealed that the total crypto market volume over the last 24 hours was $124.55 billion, which makes a 31.26% increase over the day.
Also, the total volume in DeFi printed at $9.37 billion, accounting for 7.53% of the total crypto market 24-hour volume across the exchange. In the asset mix, the volume of all stable coins reached $114.57 billion, which is 91.98% of the total crypto market 24-hour volume.
At the beginning of the week, major digital assets advanced Monday, with Bitcoin (BTC-USD) bouncing back above the $100,000 level on Monday. It has kept the momentum till today as demand heated up the crypto market.
The CoinDesk Market Index, which tracks 126 digital assets, rose 3.1%. The Nasdaq 100 was up 1%, and the S&P 500 advanced 0.5% in late trading, while the Dow Jones Industrial Average dipped 0.1%.
Bitcoin, the most popular cryptocurrency, jumped 3.9% to $102,014, with its 24-hour trading volume surging 147% to $49.88 billion, according to CoinMarketCap data. Ethereum (ETH-USD), the second-largest digital asset by market value, was 1.3% higher at $3,677.
XRP (XRP-USD) was up 1%, while Solana (SOL-USD) added 2.7%, and BNB (BNB-USD) jumped 4.7%. Dogecoin (DOGE-USD) rose 1.9%, and Cardano (ADA-USD) gained 1.5%.
The US 10-year Treasury yield closed at 4.616%, up from Friday’s close of 4.598%, while the five-year yield rose to 4.421% from 4.412%. The total market value of the cryptocurrency industry increased 3% in the past 24 hours to $3.6 trillion, while the total 24-hour trading volume surged 57% to $130.13 billion. FBN Holdings Records Huge Off-Market Shares Transactions
