Crypto Price Update: Global Market Rallies 6.5% As Bitcoin, Ethereum See Big Gains

The global cryptocurrency market rallied 6.58 per cent to $1.26 trillion in the past 24 hours to Friday morning, while the trading volume rose 124.25 per cent to $69.29 billion.  

XRP (XRP) was the most trending and the top gainer cryptocurrency, up 66.47 per cent to $0.7873. Its 24-hour trading volume was $12.7 billion. ECash (XEC) was the top loser, down 4.40 per cent to $0.00003134. Its 24-hour trading volume was $72 million.

DeFi fell 5.76 per cent to $4 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin’s price increased by 3.50 per cent to $31,380.66. Its 24-hour trading volume was $25.6 billion. It is currently ranked number 1 on Coinmarketcap, based on market value.  

Bitcoin’s market dominance stood at 48.49 per cent, down 1.43 per cent over the last 24 hours.

Ethereum: Ethereum’s price rose by 7.50 per cent to $2,009.38 over the previous day. Its 24-hour trading volume was $12.5 billion.

Tether: Tether increased by 0.06 per cent to $1.00 in the last 24 hours. Tether’s 24-hour trading volume was $47.7 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana’s (SOL) price increased by 32.32 per cent to $28.78. Its 24-hour trading volume was $2.4 billion.

Avalanche traded at $14.94, up 14.27 per cent, while its 24-hour trading volume was $365 million.

Cardano ADA increased by 25.46 per cent to $0.3601. Its 24-hour trading volume was $1.4 billion.

Meme Coins

Dogecoin (DOGE) increased by 9.50 per cent to $0.07103 over the past 24 hours.

Shiba Inu was up by 6.82 per cent to $0.000007985.

Decentralised Finance

DeFi coin was trading at $0.002269, up 10.60 per cent from the previous day.  

Yearn.Finance was up by 6.08 per cent to $7,378.94 in the last 24 hours, while its 24-hour trading volume was $23 million.