December 25, 2024
Global cryptocurrencies market capitalization increased as Bitcoin added more than 4.2% in 24 hours to $98,030, according to latest data from the exchange.
The global crypto market capitalisation inched to $3.42 trillion, which translates to a 3.51% increase over the last day while trade volume declined.
According to Marketforce Africa, most activities conducted on Orange Coin were on the side of buyers seeking to boost portfolio amidst Christmas holiday. The total crypto market volume over the last 24 hours printed at $131.96 billion, according to data obtained from CoinMarketCap.com, which makes a 13.67% decrease.
Data also showed that the total volume in DeFi reached $12.34 billion, accounting for 9.35% of the total crypto market 24-hour volume. Meanwhile, the volume of all stable coins settled at $120.33 billion, which is 91.19% of the total crypto market 24-hour volume.
Major digital assets rose on Tuesday, with bitcoin (BTC-USD) approaching $99,000. The largest coin, however, retreated before it could climb further due to a switch in investors sentiments.
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Similarly, CoinDesk Market Index, which tracks 126 digital assets, rose 5.5% in the past 24 hours. US equity indexes rose before the Christmas break with the Nasdaq 100 up 1% in the holiday-shortened session, while the S&P 500 added 0.8% and the Dow Jones Industrial Average gained 0.6%.
Bitcoin jumped 5.5% to $98,558 Tuesday, according to CoinMarketCap data. The dominant digital currency’s 24-hour trading volume fell 13% to $52.7 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, rose 4.2% to $3,491. XRP (XRP-USD) surged 6.6%, while BNB (BNB-USD) was 1.7% higher.
Solana (SOL-USD) climbed 6.1%, Dogecoin (DOGE-USD) gained 6.7%, and Cardano (ADA-USD) rose 5.5%.
