- The global crypto market cap soared over 1.69% to $1.6 trillion.
- Bitcoin (BTC) reached a one week high of $26.8K.
The global cryptocurrency market has maintained stability and is witnessing a slight recovery. Meanwhile, Binance, the world’s largest cryptocurrency exchange, has made the decision to sell its Russian unit as part of its strategic exit from the Russian market.
Over the past 24 hours, the cryptocurrency market has displayed significant stability, with the total trading volume reaching $23.19 billion, marking a 2.99% increase. In this landscape, Bitcoin, the oldest and most iconic cryptocurrency, has surged by 2%, reaching a one-week high of $26,817, demonstrating its enduring appeal to investors.
Ethereum (ETH), the second-largest cryptocurrency, has mirrored this positive trend with a 2.23% increase, trading at $1,628. Ethereum’s daily trading volume stood at a significant $4.4 billion, marking a 19% surge within the same 24-hour period.
Notably, other leading altcoins like Binance Coin (BNB) and Ripple (XRP) have also displayed slight upward momentum, further affirming the positive sentiment in the cryptocurrency market.
However, the standout performer of the day is Terra Classic (LUNC), which has witnessed a 9.5% rally, reaching a trading price of $0.00006588. Notably, its daily trading volume has surged to $41 million, signaling an 278% increase within the last 24 hours.
