Global Crypto Market Cap Dips as Bitcoin Retreats
Global cryptocurrencies market capitalisation declined by 0.68% due to sell pressures in top digital assets due to bearish sentiment. Due to price declines in Bitcoin (BTC-USD), Ethereum (ETH-USD), and other major assets, the market value of all cryptos dropped to $3.3 trillion.
The orange coin is trading around $94,000 while Ethereum is hovering below $3,300 at the last data look. Trading volume declined amidst a bearish market position. Trading data showed that total crypto market volume over the last 24 hours printed at $72.43 billion, which makes a 55.14% decrease.
The total volume in DeFi settled at $5.78 billion, accounting for 7.98% of the total crypto market 24-hour volume, according to data from CoinMarketCap.com. Also, the volume of all stable coins was $64.56 billion, which is 89.13% of the total crypto market 24-hour volume.
On Friday, major digital assets were firmer, with Bitcoin (BTC-USD) trading near the $95,000 level. The CoinDesk Market Index, which tracks 124 digital assets, rose 3.7% in the past 24 hours.
US stock market benchmarks were in the red in late trading, with the Nasdaq 100 and the Dow Jones Industrial Average down 1.6%, while the S&P 500 shed 1.5%, respectively.
Bitcoin advanced 3.1% to $94,778 with its 24-hour trading volume rising 8.4% to $65.77 billion, according to CoinMarketCap data. However, the most popular cryptocurrency was on track for a weekly fall of nearly 4%.
Ethereum (ETH-USD), the second-largest digital asset by market value, was up 2.1% at $3,267, while heading for a weekly slump of nearly 10%. XRP (XRP-USD) gained 3.6%, Solana (SOL-USD) added 1.3%, and BNB (BNB-USD) was 1.8% higher. Dogecoin (DOGE-USD) jumped 4.9% and Cardano (ADA-USD) was up 3.9%.
The total market value of the cryptocurrency industry increased 2.9% in the past 24 hours to $3.3 trillion, while the total 24-hour trading volume grew 1.8% to $154.77 billion. #Global Crypto Market Cap Dips as Bitcoin Retreats ECOWAS Issues Deadline to Bukina Faso, Mali, Niger
