Bitcoin The market has been rocking the last few days. On Monday, the price of bitcoin was $51,729.03. It was up 3.40 percent in the last 24 hours. The coin is also trading in green in the last 24 hours. In terms of its performance during the week, the major crypto coin is also trading in the green. In the last seven days, bitcoin is trading with a gain of 6.58 percent. It also maintains a market cap of $972.63 billion. NS cryptocurrency It has also managed to build a market dominance of 41.63 percent, which is 0.29 percent higher than the previous day, according to data obtained from CoinMarketCap.com. Bitcoin finally broke the much-awaited $51,000 mark, and is now facing its next tight psychological resistance at $55,000. The asset’s rally has also been supported by decent volume and momentum, which is always a reassuring sign.
Speaking on the performance of bitcoin, Edul Patel, CEO and co-founder of Mudrex, said, “Although the crypto market was initially a bit volatile during the weekend, the bulls kept their hold on the latter half. Bitcoin hit the $50,000 mark. Staying above this indicates a steady momentum for the top 10 cryptocurrencies by market cap.”
Most of the top altcoins in the market were trading in the green. second top coin, Ethereum, was trading at $3,920.28 on Monday. It was a growth trend of 0.54 percent in the last 24 hours. The digital asset was trading up 22.15 percent over the past seven days and had a market capitalization of $460.33 billion. The third strongest coin on the market is currently Cardano, which is priced at $2.89. It was also trading in the green at 0.00 per cent during the day. During the week, the coin was trading at 1.08 per cent. Binance Coin was at number three on the list, but it fell to the fourth position a while back. The most recent price of that coin at the time of this article was $498.47, an increase of 0.21 percent over the day. It also displayed a growth of 4.12 per cent in the last seven days.
“The largest Altcoin, Ether, moved closer to the $4,000 mark. ETH has been consolidating around the current price point over the past few days, indicating that the largest Altcoin may be ready for another big move. Ethereum Solana, its closest rival, had a dream run over the past few weeks. However, the weekend saw some selloff in SOL. If the market remains bullish, this week could be an interesting one for the altcoins,” Patel said.
The global crypto market cap was listed as $2.34 trillion, an increase of 2.39 percent over the previous day. According to data from CoinMarketCap, the total crypto market volume in the last 24 hours was $117.93 billion. This indicated a decline of 6.40 per cent. DeFi had a total volume of $15.15 billion, which was essentially 12.85 percent of the total 24-hour volume of the crypto market. At the time of this article, the volume of all stablecoins was $88.07 billion, which is 74.68 percent of the total 24-hour crypto market volume.
Talking about the global market, Patel said, “The global cryptocurrency market capitalization stood at $2.30 trillion, showing a significant increase on a week-on-week basis. There was a slight decline in trading volume, as expected over the weekend. have hope.”
Here are the top cryptocurrencies and their prices as of September 06, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin converts to $51,729.03 or (+3.40 percent) in 24 hours
Ethereum trades at $3,920.28 or (+0.54 percent) in 24 hours
Cardano $2.89 or (+0.00 percent) converts in 24 hours
Binance Coin converts to $498.47 or (+0.21 percent) in 24 hours
Tether converts at $1.00 or (+0.00 percent) in 24 hours
XRP converts to $1.32 or (+5.01 percent) in 24 hours
Solana converts to $141.84 or (-0.82 percent) in 24 hours
Dogecoin converts to $0.3123 or (+3.29 percent) in 24 hours
Polkadot converts to $33.81 or (+3.85 percent) in 24 hours
USD coin $0.9997 or (-0.00 percent) change in last 24 hours
Change $29.65 or (+3.01 percent) in 24 hours
Litecoin converts to $224.74 or (+3.36 percent) in 24 hours
Chainlink converts $33.01 or (+9.83 percent) in 24 hours
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