- Global crypto market is striving for $1 trillion as the crypto winter arrives at an end.
- After a few weeks of bears, Bitcoin entered the $20k series.
The global cryptocurrency Subsequent weeks of sustained selling is currently experiencing buying pressure. The market’s acceleration has sparke by gains in assets such as Bitcoin (BTC). Which is making new highs day after day after facing consistent lows and reclaiming previous experiences.
At the time of writing, the global market cap is $982.67B, up 8.32% in the last 24 hours. And the total crypto market volume is $73.86B, up 29.41% during the previous 24 hours. As per CMC, the total volume in DeFi is currently $5.03B. While the crypto market and the volume of all stablecoins is now $66.40B, an increase of 89.89% in the last 24 hours.
Global Crypto Market Booming
The overall market is running with bulls in that all coins are booming in the last few days and the market facing bears since total down after the collapse of the FTX the crypto market is now facing a Bullrun. And all the cryptos are in green and bitcoin’s dominance in the whole of the global market has increased to 39.4% and Ethereum’s dominance is at 18.3%.
And the laggards in the industry right now are the Solana ecosystem and play to earn cryptocurrencies. Recently a meme coin has released BONK, which was released on the Solana ecosystem. It is up nearly 28.26% in the last 24 hours.
And in the previous two days, the Shiba Inu has been the most trending, which is due to the new metaverse project in Shiba Inu, which has increased to 13.15%. And the top cryptocurrency, Bitcoin, is also breaking through the $20k barrier; at the time of writing, it was trading at $20,906, up 11.05%.
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