2 Min(s) Read
By Asmita Pant IST (Published)
Switch to Slide Show
SUMMARY
Most cryptocurrencies extended gains on Thursday. The global crypto market cap stood at $1 trillion, with a volume of $103.3 billion in the past 24 hours.
1 / 9Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, rose 3.2 percent to $20,849.5. Its market value stood at $399.1 billion. The trade volume was at $58.7 billion.
2 / 9“Bitcoin had a sudden spike reaching above $20,700 after experiencing three weeks of stagnation,” pointed out Edul Patel, CEO and co-founder of Mudrex.
3 / 9Ethereum | The second largest virtual currency, Ethererum or Ether, jumped 5.5 percent to $1,565 with a market capitalisation of $190.4 billion. The trade volume of Ethereum was $31.1 billion in the last 24 hours.
4 / 9On Ethereum, Patel said, “Ethereum is showcasing a significant price improvement in a single day, touching $1,550 after prolonged stagnation.”
5 / 9Dogecoin | Meme-based virtual currency, Dogecoin, jumped as much as 21.1 percent on Thursday. Its market value stood at $10.3 billion. The trade volume was at $1.7 billion.
6 / 9Shiba Inu | Shiba Inu surged 12.7 percent with a market capitalisation of $6.4 billion. The trade volume was $599 million in the last 24 hours.
7 / 9Solana | Solana rose 2.9 percent to $32 with a market capitalisation of $11.5 billion. The trade volume of Solana was $1.3 billion in the last 24 hours.
8 / 9Polygon | Polygon rose 1.5 percent with a market capitalisation of $8.2 billion. The trade volume was $580.2 million in the last 24 hours.
9 / 9Patel added, “Toncoin and Dogecoin are among the smaller altcoins that attained double-digit gains. This upward momentum created a spillover effect for crypto-related stocks as well. The share price of Coinbase and MicroStrategy are up by 13 percent and 11.6 percent, respectively.”
