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    MarketForces Africa » Cryptocurrency » Cryptos Market Cap Rises to $3.23T as BTC Rebounds

    Cryptos Market Cap Rises to $3.23T as BTC Rebounds

    Olu AnisereBy Olu AnisereNovember 27, 2024 Cryptocurrency No Comments2 Mins Read
    Cryptos Market Cap Rises to $3.23T as BTC Rebounds
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    Cryptos Market Cap Rises to $3.23T as BTC Rebounds

    Cryptocurrency market capitalisation rose on Wednesday as price of Bitcoin (BTC-USD) picked up again.  According to data from the CoinMarketCap.com, the global crypto market cap has increase over latest buying momentum.

    The total market value of the cryptocurrency industry increased by 2.62% in the past 24 hours to $3.23 trillion. Total trading volume has declined by 23.68% to $197.16 billion.

    Further details revealed that the total volume in DeFi is currently $13.28 billion, 6.74% of the total crypto market 24-hour volume. Also the volume of all stable coins has reached $181.05 billion, which is 91.83% of the total crypto market 24-hour volume

    Major digital assets were mixed late Tuesday, with Bitcoin (BTC-USD) lower near the $91,000 level. The CoinDesk Market Index, which tracks 126 digital assets, was down 4.3% in the past 24 hours.  The Nasdaq 100 was up 0.35%; the S&P 500 rose 0.48%; and the Dow Jones Industrial Average was up 0.26%.

    Trading record revealed that Bitcoin fell 3.5% to $91,480, with the cryptocurrency’s 24-hour trading volume soaring 32.8% to $96.82 billion, according to CoinMarketCap data.

    Ethereum (ETH-USD), the second-largest digital asset, fell 4.7% to $3,318. Solana (SOL-USD) was down 3.6%, and BNB (BNB-USD) fell 4.8%. XRP (XRP-USD) was down 2.7%, and Dogecoin (DOGE-USD) fell 4.1%. Cardano (ADA-USD) fell 4.7%.

    The US 10-year Treasury yield closed at 4.302%, up from Monday’s close of 4.267%, while the five-year yield rose to 4.193% from 4.176%. #Cryptos Market Cap Rises to $3.23T as BTC Rebounds

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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