Bitcoin Fluctuation Keeps Cryptos Market Gain in Check
Bitcoin price fluctuation kept global cryptocurrency market capitalisation growth in check. The global crypto market cap reached $3.4 trillion, a 0.03% increase over the last day even though bitcoin is trading negative.
BTC-USD has continued to trade between $96,000 and $97,000 amidst expectation that the orange coin will breach the $100,000 price level in 2024. While the flirting has been solid and consistent, Bitcoin has not been able to cross to the other side to mark a six digit price target.
Data from coinmarketcap.com showed that the total crypto market volume over the last 24 hours reached $160.54 billion, which makes a 1.71% increase. The total volume of DeFi traded on the exchange settled at $11.02 billion, accounting for 6.86% of the total crypto market 24-hour volume. The volume of all stable coins was $143.66 billion, which is 89.48% of the total crypto market 24-hour volume.
According to traders updates, major digital assets rose Friday, with Bitcoin (BTC-USD) topping $97,000. The CoinDesk Market Index, which tracks 126 digital assets, gained 3.2%.
The Nasdaq 100 climbed 0.9%, the S&P 500 rose 0.6%, and the Dow Jones Industrial Average advanced 0.6%. Traders reported that Bitcoin rose 2.4% to $97,224 with the cryptocurrency’s as trading volume dropping 14% to $54.11 billion, according to CoinMarketCap data on Friday.
The most popular cryptocurrency is on pace to conclude the week with a loss of 1.8%. Ethereum (ETH-USD), the second-largest digital asset, rose 1.1% to $3,593. Solana (SOL-USD) advanced 2.4%, and BNB (BNB-USD) gained 1.1%.
XRP (XRP-USD) jumped 17%, and Dogecoin (DOGE-USD) rose 6.3%. Cardano (ADA-USD) increased 5.3%. Bitcoin had advanced toward $100,000 amid optimism for US President-elect Donald Trump’s support for digital assets. #Bitcoin Fluctuation Keeps Cryptos Market Gain in Check Naira Plunges on Suboptimal FX InterventionThe post Bitcoin Fluctuation Keeps Cryptos Market Gain in Check appeared first on MarketForces Africa.