Crypto price: On Thursday, cryptocurrency tokens could maintain their gains, which led to strength in altcoins as well. The global cryptocurrency market cap rose by 1.83 percent to $922.86 billion over the previous day. However, over the past 24 hours, the overall volume of the cryptocurrency market fell by 9.23% to $58.19 billion.
The value of all major coins, including Bitcoin, Ethereum, Solana, and others, increased, which led to a small increase in the cryptocurrency market on Thursday. All of this caused the global cryptocurrency market, which had previously fallen below the $900 million threshold, to inch closer to the $920 million barrier.
All cryptocurrency tokens were trading upward, except for Tron and Unus Sed Leo. Ethereum and Solana both increased over 5%, while BNB, Cardano, Dogecoin, and Shiba Inu all increased by over 3%.
According to data from CoinMarketCap, the volume of the cryptocurrency market fell by over 17% throughout the course of the day. Since the past 4 days, “Bitcoin has been on a slight upswing, closing last day above $20,500. Even if it has improved since last week, the sentiment around the cryptocurrency market still falls into the “severe dread” category. BTC’s daily trend is still moving toward a falling channel pattern. The following hurdle is expected at $32,300, while the following crucial support is expected at $14,000”, analysts at the WazirX trade desk said.
Bitcoin, the biggest cryptocurrency in the world, was trading at about 16 lakh. According to data from CoinMarketCap, its market share of cryptocurrencies decreased somewhat during the past day, falling from 42.41 percent to 0.14 percent.