Despite the initial drop and subsequent decline to the levels of $25,960 during the day, the leading cryptocurrency Bitcoin (BTC) edged close to $26,400 following the value increases it has been recording since midday. As per the data from CoinMarketCap (CMC), the total market value of the crypto ecosystem is currently hovering around $1.1 trillion.
What’s the Latest on the Cryptocurrency Market?
Bitcoin began the day on a downturn and slumped to $25,960 within the day, but it managed to recover and approach $26,400 due to value increases recorded since noon. Ethereum (ETH) registered an average value increase of about 0.6% within the last 24-hour period, edging near the $1800 price level, according to CMC data. Meanwhile, the total market value of the crypto ecosystem remains around $1.1 trillion, as per CMC data. However, due to the volatility in the crypto market, an average of $80 million worth of short and long positions were liquidated in the past 24 hours, according to data shared by Coinglass.
Rise in Render Token Nears 15%
Despite the ambiguity of Bitcoin’s direction, some cryptocurrencies managed to initiate a rise throughout the day and positively distinguished themselves from the market. One of these was Render Token (RNDR), which recorded a value increase of nearly 15% within the last 24-hour period.
Having become one of the popular altcoins in the crypto ecosystem with its price movements in recent periods, Render Token (RNDR) started to diverge positively from the market with its rise since the beginning of the week and maintained a strong upward momentum in recent days. Over the past week, Render Token (RNDR) has recorded an average value increase of about 20% and recorded a near 15% rise in the last 24 hours, starting to trade from $2.83 price levels. Following these surges, Render Token became the top cryptocurrency among the top 100 in terms of market cap, recording the highest rate of value increase in the last 24 hours according to CMC data.