Bitcoin Slides below $65K, Crypto Market Cap Rises to $2.36T
Bitcoin left behind as cryptocurrency market spiked to $2.36 trillion on Wednesday. The largest crypto asset by market valuation has faced strong pressure from sell side, causing the digital currency to decline in successive days.
At the press time, the global crypto market cap has reached $2.36 trillion, which was a 1.41% increase over the last day, according to data from CoinMarketCap.com. According to data from the crypto exchange, volume over the last 24 hours has decline by 26.76% to $73.95 billion.
The total market value of the cryptocurrency had fallen to $2.31 trillion yesterday. The surge was supported by gains in some altcoin and positive price movement in some others relatively small cryptocurrencies.
XRP price has been in a downtrend since the beginning of the year, down over 19% year-to-date (YTD), trading at the $0.49 mark, according to Binance data.
TON was down 2.53% in the last 24 hours to $6.90, extending a two-day decline. Meanwhile, the large transaction volume for Toncoin has come in at 1.74 million TON in the last 24 hours, or $12.42 million worth, representing a 376% increase.
Bitcoin (BTC-USD) dropping below the $65,000 level, and it has continue to struggle to reclaim its value at the level. The CoinDesk Market Index, which tracks 192 digital assets, was down 5% in the past 24 hours.
Bitcoin (BTC-USD), the largest cryptocurrency by market value, fell 3.7% in the last 24 hours to $64,118, according to CoinMarketCap data. Ethereum (ETH-USD), the second-largest digital asset, was trading 4% lower at $3,405.
BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, shed 4.8%, while Solana (SOL-USD), the fourth-largest, lost 9%. XRP (XRP-USD) slumped 7.3%, Dogecoin (DOGE-USD) fell 9.7%, Cardano (ADA-USD) slid 10%.
The total volume in DeFi reached $5.76 billion, representing 7.79% of the total crypto market volume traded in the last 24 hours. Also, the volume of all stable coins reached $68.65 billion, accounting for 92.83% of the total crypto market 24-hour volume. Nigeria, U.S Firm Sign MoU on Human Space Flight
