Sep 28, 2021 | Shaoni Ghosh
The Cryptocurrency market game has always been a witness to a drop-rise game and investing in cryptocurrency is almost similar to a roller-coaster ride. One never knows what's going to happen in the next second.
(Must Check: What is the Future of Cryptocurrency?)
On Monday, the top global crypto currency, Bitcoin, was up 4.72 percent to $44,045.69. Bitcoin's market cap was $828.90 billion. Ethereum, a rival currency, was up 9.75 percent at $3,139.8. Over the past week, Ethereum's market worth has dropped by up to 2.86 percent, bringing it to $369.14 billion.
Bitcoin prices increased somewhat after Jack Dorsey's social media Twitter authorized third-party bitcoin tipping services for iOS users, allowing them to pay each other almost immediately all around the globe.
Bitcoin, the most valued cryptocurrency by market valuation, has exceeded the $43,000 milestone. Due to low traffic during the weekend, a few major purchases can often sway the market in either direction.
(Also Check: Bitcoin vs. Ethereum)
The overall value of the cryptocurrency market has increased to $1.93 trillion. The average traded volume increased by more than 8.3%, indicating that the week would be profitable. More volatility throughout the crypto spectrum might be seen as major equities markets open on Monday.
The majority of crypto currencies were trading in the green on Monday. Cardano was trading at $2.26, up 0.72 percent. The virtual currency had gained 3.41 percent in the previous week. Binance Coin, like Cardano, was up 4.02 percent to $354.65.
The global crypto market valuation is now $1.97 trillion, up 5.75 percent from the previous day. DeFi presently has a total volume of $20.71 billion, accounting for 18.10 percent of the total 24-hour volume in the crypto market.
All stable coins have a combined volume of $92.89 billion, accounting for 81.19 percent of the overall crypto market's 24-hour volume. Bitcoin's dominance is now 42.31 percent, dropping 0.40 percent from the previous day.
(Recommended Blog: 8 Most Stable Cryptocurrency in 2022)
As of September 27, 2021, these are the top cryptocurrencies, along with their values. In the last 24 hours:
Bitcoin has changed by $4,045 or 4.72%.
Ethereum has gained $3,139.8 (or 9.75%).
Cardano has changed $2.26 or 0.72%.
Tether has changed by $1.00, or (-0.06%).
Binance Coin has changed by $354.65, or 4.02%.
XRP has changed by $0.9752, or 5.52%.
Polka dot has changed by $3.14% to $29.68.
The USD Coin has changed by $1.00 or (-0.06%).
According to News18, Siddharth Menon of Wazir X stated that the trend demarcates a "mostly developed flag pattern" and that once it gushes out from the top levels, the prices will rise to $4.5 level immediately. According to him, "The ethereum competitor is fast living upto its expectations."
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