Bitcoin Steady Above $17,000
Since the beginning of the year, the momentum of the top cryptocurrencies has been increasing. The prices of Bitcoin and Ethereum have experienced a 24-hour rally, allowing them to reach a three-week high.
The global crypto market cap has increased by 1.30% over the last day, bringing the total to $850.00 bn.
The 24-hour total volume has skyrocketed by 88.95% to $45.35 bn, with DeFi accounting for 8.22% of that figure. The total volume of stablecoins is now 91.98% of the 24-hour market, at $41.71 bn. Bitcoin’s dominance has decreased slightly by 0.34%, bringing it to 38.98%.
Elsewhere, shares of Bitcoin miner Marathon Digital Holdings surged by more than 3% at $4.23 despite ratings downgrade by investment banker Jefferies. Metaverse token Gala surprised the crypto audience by posting a 70% jump in its price. The optimistic outlook for the token remains intact.
Solana’s BONK crashed 50% in 24 hours.
Bitcoin traded flat at $17200, whereas Ether changed hands around $1325, up by 2% in the last 24 hours.
(Reporting by Shikha Singh; Editing by Laxmikant Khanvilkar)
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