cryptocurrency update: The global cryptocurrency market has bounced back after a day’s fall yesterday, with major crypto coins falling in value due to a number of reasons. On Friday, February 3, the global crypto market was trading in the green, a good news for investors as all major coins moved up significantly during the day. After weeks of steady declines following the US Federal Reserve meeting, the market seemed stable to the point where it signaled a hike in interest rates to pick up on inflation.
According to data from global crypto tracking website CoinMarketCap, the cryptocurrency market cap stood at $1.76 trillion. It was 5.01 percent higher in the last 24 hours. However, there has been a slight drop in global crypto volumes over the past few days as more traders hold their coins. The total volume of coins traded during the previous day was $68.74 billion. According to website data, it has declined by 6.14 per cent in the last 24 hours.
According to the data, the price of bitcoin has reached near $38,000. According to CoinMarketCap, at the time of writing this article, the price of bitcoin was $37,957.51. According to the data, it was higher by 3.58 per cent in the last 24 hours and 4.11 per cent in the last seven days.
“The global crypto market cap is down slightly since yesterday. Bitcoin and Ethereum are down about 2 percent over the past 24 hours. BTC and ETH are trading below US$37,000 and US$2,700. The market is currently dominated by bitcoin. 41 percent. The cryptocurrency market has faced heavy selling pressure, ending a two-day winning streak. BTC support is at US$35,000. BTC is trading sideways, with the potential to continue for a few more days Chances are. While other altcoins come in, they are running a bit in the red. Mudrex CEO and co-founder Edul Patel said, “If buyers can move above $40,000 to reverse this downward trend “
Dogecolony on Thursday became the top gainer in the crypto pack. The price of a coin has increased by 504.36 percent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $0.0000005483. Metapay and The Neko were the other two gainers to take the next top spot that day.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Dogecolony: $0.0000005483 – up to 504.36 percent
Metapay: $0.000001921 – up to 500.11 percent
Neko: $0.0001664 – up to 411.43 percent
Bird Token: $0.00000002205 – up to 394.22 percent
Stobox Token: $0.02431 – up 314.92 percent
Qrkita Token: $0.000006873 – up to 298.08 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Vive La Bouze: $35.54 – a drop of 90.39 percent
Pappas: $0.00000007615 – 85.59 percent less
TigerInu2022: $0.00002672 – 84.80 percent down
Doge Rise Up: $0.00000000004891 – 76.78 percent drop
Metamaps: $0.0001014 – 75.84 percent drop
Snowtomb lot: $202.35 – 62.36 percent drop
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