Cryptocurrency Update: 6 Crypto Coins Surge up to 91,75,358.47% in 24 Hours.
Following the launch of Bitcoin exchange traded funds, or ETFs, in the United States, the world's largest cryptocurrency, Bitcoin, hit new highs this week. The price of one Bitcoin reached an all-time high of roughly $66,900 on Wednesday.
However, according to data from CoinMarketCap, the price of the cryptocurrency plummeted 3.14 percent in the last 24 hours on Friday. Bitcoin was trading at $63,495.39 at the time this article was written, despite the fact that it is not legally acknowledged as a form of currency in many nations across the world.
At 14:02 hours IST on Friday, the global market cap was $2.61 trillion, as per data available at CoinMarketCap. It had also declined by 1.38 percent in the previous 24 hours, according to the data.
The entire volume of the crypto market during the last day was $123.71 billion, representing a 1.97 percent gain over the previous 24 hours.
The total volume in DeFi was $15.60 billion in the previous 24 hours, accounting for 12.61 percent of the overall crypto market volume, according to information available at CoinMarketCap.
"The crypto spectrum saw some profit booking after setting a fresh all-time high. Bitcoin, the most valuable cryptocurrency by market capitalization, was hovering around $63,000. The majority of the main cryptocurrencies decreased by a small amount. With the weekend approaching, profit booking can be expected in the coming session," said Edul Patel, the CEO and co-founder of global crypto trading platform Mudrex.
The overall volume of all stable coins was $96.87 billion, accounting for 78.31% of the total 24-hour crypto market volume.
There have been significant shifts in the crypto market's top gainers and losers. DOTDOWN was the biggest gainer in the crypto market, with a price of $9.62 and a 24-hour gain of 92,95,572.87 percent. With a price of $0.000002525 and a gain of 9,00,595.08 percent during the day, Wolf Safe Poor People came in second. BitUp's price climbed by 28,874.40 percent to $0.02548, making it the third most valuable cryptocurrency.
Spooky Inu, on the other hand, fell by 97.87 percent to $0.000005255, making it the biggest loser. Ms Moona Rewards and LinkArt came in second and third place, respectively, with losses of 95.38 percent and 88.16 percent.
Cryptocurrency's Top 6 Gainers (According to data from CoinMarketCap) :
- DOTDOWN: $9.50 - 91,75,358.47 per cent up over last 24 hours
- Wolf Safe Poor People: $0.000002525 - 900595.08 per cent up over last 24 hours
- BitUp: $0.02548 - 28,874.40 per cent up over last 24 hours
- BlowUP: $0.02949 - 7,275.47 per cent up over last 24 hours
- InfinitX: $0.0000008985 - 2,124.73 per cent up over last 24 hours
- UpCake: $0.000003514 - 1,166.82 per cent change up last 24 hours
- Spooky Inu: $0.000005255 - 97.87 per cent change over last 24 hours
- Ms Moona Rewards: $0.000004464 95.38 per cent change over last 24 hours
- LinkArt: $0.0003811 - 88.16 per cent change over last 24 hour
- CPOS Cloud Paymet: $0.1457 - 78.50 per cent change over last 24 hours
- Ormeus Coin: $0.002256 - 74.36 per cent change over last 24 hours
- FarmersOnly: $11.28 - 71.67 per cent change over last 24 hours
Some of the most popular cryptocurrencies, such as Bitcoin, Ether, and Dogecoin, were in the red zone, tracking losses. However, another popular cryptocurrency, Solana, was in the green zone.
"Bitcoin had a minor drop, bringing the trend below $63,000. For the first time in about ten days, the RSI indicator fell below 70. WazirX Trade team stated, "Ethereum has experienced some rigour and is following suit alongside Bitcoin."
"ETH is building a Cup and Handle pattern and is on the verge of breaking out. Solana(SOL) had an over 20% increase in just over 24 hours, making it one of the most popular Altcoins.
Solana has managed to break out from the triangular pattern. "It's worth noting that the total value locked in DeFi on the Solana platform has reached an all-time high," Edul Patel remarked.
