Daily Market Watch: Bitcoin & ETH Struggles, ALGO Optimistic

According to CoinMarketcaps data, overall, cryptocurrencies display much more optimism today, including Bitcoin. However, the overall volume of the crypto market during the last 24 hours was $109.77 billion, a 27.43% loss, while the global crypto market is now seeing a 2.95% rise over the previous day to $1.06 trillion.

Bitcoin (BTC), the largest cryptocurrency with a market cap of $409.20 billion, with 2.33% over the last 24 hours, is currently trading at $21,300.17 per (BTC / USD). 24-hour trading volume is $ 51.34 billion, with a 10% decrease over the last day. The coin’s value has gained 0.6% in the last 24 hours and 2.06% over the previous seven days. 

Source: Tradingview

Ethereum (ETH), the second largest cryptocurrency with a market cap of $199.89 billion, is currently trading at $1,633.58 per (ETH / USD). 24-hour trading volume is 16.41 billion. The coin’s value has lost 1.11% in the last 24 hours and gained 0.44% over the previous seven days. 

Source: Tradingview

By Coinmarketcap statistics, Dogecoin (DOGE) is trading at $0.1282 with a gain of 7% over the last 24 hours, Cardano (ADA) is selling at $0.4262 with an increase of 5% over the same period, and BNB, which is presently at $350.14 and has seen down by 1.13%. 

Related Reading | Bitcoin Outpace The Safer Assets After The Fed Hiked Rates

In the list of top daily gainers includes Algorand ALGO in the first, which is now trading at $0.423 and has had a 24-hour climb of 10% and a weekly rise of 25%, as well as Solana (SOL), is up by 8% over the same period and is currently trading at $35.09. Litecoin (LTC) and Chainlink (LINK), both with daily gains of 6% and 5%, respectively, are other daily gainers.

Source: Tradingview

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