Bitcoin Ends The Week Muted
By kapil Rajyaguru
Following a surge to 20-month highs last week, bitcoin appears to have settled into a new range, trading between $42,000 and just over $43,000 for much of this week.
The largest cryptocurrency is currently priced at around $42,123, down 1.85% in the last 24 hours.
With a large degree of spot BTC ETF enthusiasm already priced into asset prices and with no decision on the approval of applications to list such a fund by the SEC expected until the new year, the crypto market is showing signs of ticking along sideways for the remainder of 2023.
Ether, the second largest cryptocurrency by market cap, was trading at $2245, down by 2.18% in the last twenty four hours.
Most altcoins are with minor losses or gains, but SOL keeps on rising, perhaps fueled by the hype around the new meme coin sensation – BONK.
The global crypto market cap is $1.59T, a 1.45% decrease over the last day. The total crypto market volume over the last 24 hours is $61.14B, which makes a 9.16% decrease. The total volume in DeFi is currently $7.98B, 13.06% of the total crypto market 24-hour volume. The volume of all stable coins is now $54.8B, which is 89.62% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 51.72%, a decrease of 0.17% over the day.
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