Bitcoin, the largest virtual currency was trading in the green, up 9.05 per cent at $47,570. However, in the last one week, the currency saw a huge gain of $11.30. Bitcoin prices plunged last week as China imposed sanctions on the currency that not only rocked the Chinese market but also entered global markets around the world. Furthermore, the cryptocurrency market in India, mirroring the stock markets around the world, has gone through a correction – thanks to the Evergrande financial crisis that hit markets around the world.
Ethereum, bitcoin’s rival virtual currency, was also trading up 8.90 percent at $3,236, the currency rising 11.88 percent over the past week to its market cap of $386.18. Cardano and Tether, on the other hand, both lost 6.80 percent and 0.05 percent, respectively, over the past week. Cardano was trading at $2.21, up 5.51 percent on Friday, with a market cap of $70.77 billion for Cardano. However, Tether was trading at $1.00 with a marginal gain of 0.02 percent. Tether had a market cap of $68.07 billion.
“The cryptocurrency is thriving despite a drop in prices due to regulatory tightening in China earlier this week. While the fall in September was an opportunity for tokens such as Avalanche (AVX) and Solana (SOL) tokens, which rose 52 percent, respectively. The ever-changing market highlights the volatility of the cryptocurrency and its continued growth. The bitcoin digital currency has grown 51 percent this year, and the market capitalization exceeded $800 billion, the crypto market by 2030. Moving towards an estimated reach of $4.94 billion,” said the CoinDCX research team.
Binance Coin, following the same path, was trading at $414.75, up 7.59 percent in the past day and 15.86 percent in the past week. However, the market cap of the currency stood at $ 70.206 billion.
“While the past week was quite volatile, the cryptocurrency market is likely to go through the weekend with a slight decrease on a week-on-week basis. The cryptocurrency market is likely to remain volatile during the weekend as large investors usually exit their positions, Edul Patel, CEO & Co-Founder, Mudrex- A Global Crypto Trading Platform.
According to Coinmarketcap.com, the global crypto market cap stands at $2.08 trillion, up 8.52 percent from the previous day. The total volume of the crypto market in the last 24 hours is $117.15 billion, an increase of 31.61 percent. The total volume of DeFi currently stands at $15.70B, which is 13.40 percent of the total crypto market 24-hour volume. The volume of all stablecoins is now $93.08 billion, which is 79.45 percent of the total 24-hour crypto market. Bitcoin dominance currently stands at 42.98 percent, a rise of 0.34 percent over the day.
Here are the top cryptocurrencies and their prices as of October 2, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin – $47,570 with a change of 9.05 percent in the last 24 hours
Ether – $3,236 with a change of 8.90 percent in the last 24 hours
Cardano – $2.21 with a change of 5.51 percent in the last 24 hours
Binance Coin – $414. 75 with a change of 7.59 percent in the last 24 hours
Tether – $1.00 with a change of 0.02 percent in the last 24 hours
XRP – $1.02 with a change of 6.90 percent in the last 24 hours
Solana – $156.90 with a change of 11.94 percent in the last 24 hours
Dogecoin – $0.2173 with a change of 6.97 percent in the last 24 hours
read all breaking news, breaking news And coronavirus news Here. follow us on Facebook, Twitter And Wire.
.