The cryptocurrency market started the first day of the weekend with low volatility. The leading cryptocurrency Bitcoin (BTC) reached the levels of $25,800 with its recent price movements. Stellar (XLM), which continues to rise despite the low volatility in the market, started trading at around $0.13, recording a value increase of about 5%.
Current Situation in the Crypto Market
The leading cryptocurrency Bitcoin (BTC) started trading at $25,800 price levels with its recent price movements. The volatility in the cryptocurrency market also showed a downward trend.
Ethereum (ETH) started trading at around $1630 with its recent price movements. The total market value of the cryptocurrency ecosystem reached $1.04 trillion according to CoinMarketCap (CMC) data.
In addition, the cryptocurrency market started with very low volatility. According to Coinglass data, short and long positions worth $15 million were liquidated in the cryptocurrency market within the last 24 hours.
Highlighted Cryptocurrencies of the Day
Despite the low volatility in the cryptocurrency market, there were cryptocurrencies that achieved a momentum of increase and recorded significant value increases during the day. Stellar (XLM) became the cryptocurrency with the highest percentage increase among the top 100 cryptocurrencies in terms of market value, with an increase of about 5% according to CMC data.
KuCoin Token (KCS), Huobi Token (HT), Klaytn (KLAY), Kava (KAVA), and Mina (MINA) were also among the cryptocurrencies that recorded significant value increases during the day. On the other hand, Lido DAO (LDO), Injective (INJ), Immutable (IMX), Synthetix (SNX), and Optimism (OP) were the cryptocurrencies that experienced the highest percentage decrease among the top 100 cryptocurrencies in terms of market value, following their recent declines.
In addition, the trading volumes in the cryptocurrency market also experienced significant decreases. According to the latest data from CoinMarketCap, there was a decrease of over 40% in the total trading volume of the cryptocurrency market in the last 24 hours.
