Bitcoin, the leading cryptocurrency, started trading from $30,750 levels, registering an average value increase of approximately 2.5% over the past 24 hours. Influenced by this growth in BTC, the crypto market has kicked off the day with a rise. According to CoinMarketCap (CMC) data, the total market value of the crypto ecosystem has exceeded $1.19 trillion.
State of the Crypto Market
As of the time this article was written, Bitcoin, which reached price levels of $31,380 last night, began trading from $30,750 levels, reflecting an average value increase of 2.5% in the last 24 hours. With this surge in BTC, the crypto market bounced back into a bullish trend. Ethereum (ETH), recording a 0.5% rise in the past 24 hours, is once again approaching the $1900 price levels.
Volatility in the crypto market has also increased significantly. According to recent data shared by Coinglass, about $140 million in short and long positions were liquidated in the last 24 hours.
Outstanding Cryptocurrencies of the Day
In line with the value increase in Bitcoin and the bullish trend in the crypto market, some cryptocurrencies have recorded high rates of value increase recently. Bitcoin Cash (BCH) has gained momentum in value increase due to the upward trend in the market, recording a value increase of over 80% within the past week, leading the bull run in the market.
Following their recent spikes, Bitcoin Cash (BCH), Bitcoin SV (BSV), and Ethereum Classic (ETC) were the top 100 cryptocurrencies by market cap that recorded the highest rate of value increase in the last 24 hours, according to CMC data.
However, despite the bullish trend in the crypto market, some cryptocurrencies continued to depreciate and caught a downward momentum. Maker (MKR), Conflux (CFX), and Stacks (STX) were the top 100 cryptocurrencies by market cap that recorded the highest rate of value loss in the last 24 hours, according to CMC data.
