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    MarketForces Africa » MarketForces News » Cryptos Market Cap Climbs to $3.43T on Overnight Gains

    Cryptos Market Cap Climbs to $3.43T on Overnight Gains

    Julius AlagbeBy Julius AlagbeDecember 2, 2024Updated:October 21, 2026 News No Comments2 Mins Read
    Cryptos Market Cap Climbs to $3.43T on Overnight Gains
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    Cryptos Market Cap Climbs to $3.43T on Overnight Gains

    The global cryptocurrency market opened with mixed sentiment on Monday after the top 10 crypto assets overnight rallied, which nudged the market value of all assets higher.

    In the last one hour, prices have started to retreat by 1% on the top 10 leading crypto assets. Trading patterns in the market are expected to be mixed in Dec due to Yuletide.

    Some retail investors are expected to exit their positions, and there is expected to be some rebalancing efforts by the Whales in the market.

    Early data from the Exchange showed that the global crypto market capitalisation settled at $3.43 trillion during early trading hours, representing a 0.69% increase over the last day.

    The market climbed despite strong fluctuation around Bitcoin (BTC-USD) price, while Ethereum (ETH-USD) share similar price behaviour with Doge coin losing its bark,

    The U.S election win still helping market sentiment, but the euphoria appears to have been settled, though price movement reflects expectation and moods.

    On Monday, the total crypto market volume over the last 24 hours inched to $196.94 billion, according to data from CoinMarketCap.com, which makes a 36.09% increase.

    Data also showed that the total volume in DeFi is currently $13.1 billion, accounting for 6.65% of the total crypto market 24-hour volume.

    The volume of all stable coins settled at $175.04 billion during early hours, which is 88.88% of the total crypto market 24-hour volume.

    Bitcoin has dipped by about 1% to $96,000 with the cryptocurrency’s 24-hour trading volume making uptrend, according to CoinMarketCap data. The most popular cryptocurrency has lost 2.2% in the last seven days in the market.

    Ethereum (ETH-USD), the second-largest digital asset, has also lost less than 1% to $3,661 from its initial climb. ETH ended the week below $3600 but rose overnight.

    Solana (SOL-USD) is down 2.2%, and BNB (BNB-USD) has shed 0.77% from its market price.

    XRP (XRP-USD) is down 0.13%, and Dogecoin (DOGE-USD) has lost 2.68% in the last one hour Cardano (ADA-USD) is down by less than  1% also. #Cryptos Market Cap Climbs to $3.43T on Overnight Gains Liquidity: Banks Borrow N3.6Trn from CBN at Higher SLF Rate

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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