Global Crypto Market Cap Rises to $3.4T as Bitcoin Rally Again
The global crypto market capitalisation rose near $3.4 trillion, representing a 1.98% increase over the last day. The push-up is supported by renewed demand for Bitcoin, the world’s largest crypto asset by price, and market valuation.
The orange coin has increased pace of growth, settling above $97,000 at noon amidst expectation that BTC-USD could breach $100,000 price level. At the moment, the total crypto market volume over the last 24 hours reached $148.72 billion, which makes a 24.99% decline.
The total volume in DeFi is currently $8.95 billion, according to CoinMarketCap.com, accounting for 6.02% of the total crypto market 24-hour volume. In addition, the volume of all stable coins printed at $135.5 billion, which is 91.11% of the total crypto market 24-hour volume.
Major digital assets were firmer last Thursday with Bitcoin (BTC-USD) trading above $96,000 level. The CoinDesk Market Index, which tracks 126 digital assets, was up 6.9% in the past 24 hours. The Nasdaq 100 was down 0.6%; the S&P 500 fell 0.4%; and the Dow Jones Industrial Average was down 0.3%.
Bitcoin rose 5.6% to $96,554, with the cryptocurrency’s 24-hour trading volume dropping 26.3% to $71.78 billion, according to CoinMarketCap data. Ethereum (ETH-USD), the second-largest digital asset, soared 8.9% to $3,623. Solana (SOL-USD) was up 4.7%, and BNB (BNB-USD) rose 4.4%.
XRP (XRP-USD) was up 5.5%, and Dogecoin (DOGE-USD) rose 4.2%. Cardano (ADA-USD) increased 5.8%. The US 10-year Treasury yield closed at 4.246%, down from Tuesday’s close of 4.302%, while the five-year yield fell to 4.118% from 4.193%. Litigation Claims against Access Holdings Plc Hit N11.3Trn
