The Crypto market rebounded strongly amid significant buying pressure from a number of high net worth entities, leading the market to over $86 billion in market value.
The reduced selling pressure earlier witnessed, brought a measure of relief, as Bitcoin surged by 4.8% on the day to about $55,000, allowing the world’s most popular crypto to reclaim its losses from the past few days.
At the time of writing this report, the crypto market was valued at $1.74 trillion posting a gain of 4.94% for the day.
The total crypto market volume over the last 24 hours is $120.53 billion which makes an 8.04% decrease.
- The total volume in DeFi is currently $8.75 billion, 7.26% of the total crypto market daily volume.
- The volume of all stable coins is now $89.37 billion, which is 74.15% of the total crypto market daily volume
- Bitcoin’s price is currently $55,224.50.
- Bitcoin’s dominance is currently 59.40%, a decrease of 0.08% over the day.
In addition, buying pressure in Ethereum helped the crypto market upside momentarily as it traded around $1,665.8, posting a gain of about 4% for the day.
Credit: Nairametrics
