Bitcoin Inches Towards $27K Mark
By Kapil Rajyaguru
Bitcoin experienced a surprising surge on Saturday, crossing the $26,500 threshold, marking a 0.37% gain from the previous day’s close. The cryptocurrency now stands at $26,752, with market bulls eyeing the $27,000 mark.
The rise brings Bitcoin to its highest point this month, dispelling fears of a potential September downturn that could have affected its impressive year-to-date performance.
Ether remains steady at $1648 with rise of 0.81% from the previous day’s close.
The altcoins are also slightly in the green today. Binance Coin, and Dogecoin are with gains of up to 1%, while Cardano, Solana, Polkadot, Polygon, Litecoin, and Shiba Inu have spiked by 2%.
Ripple, Tron, and Toncoin have soared by 3-4%. As such, XRP is close to $0.5, TRX is above $0.08, and TON trades at $1.95.
Even more impressive gains come from the likes of Bitcoin Cash, VeChain, and Axie Infinity. BCH is up by more than 8%, VET by 5%, while AXS has soared by over 10%.
Apecoin was one of the week’s biggest loser, dropping near 18% in a week ahead of its major token unlock due this Sunday. The event will release $43 million worth of tokens, giving early investors a chance for selling.
The global crypto market cap is $1.06T, a 0.82% increase over the last day. The total crypto market volume over the last 24 hours is $25.24B, which makes a 10.74% decrease. The total volume in DeFi is currently $1.9B, 7.51% of the total crypto market 24-hour volume. The volume of all stable coins is now $23.17B, which is 91.81% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 49.03%, a decrease of 0.13% over the day.
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