Crypto Price Update: Market Rallies For Second Consecutive Day, Bitcoin Up 2.13%, Ethereum Gains 2%

The global cryptocurrency market increased by 1.28 per cent to $1.20 trillion over the past 24 hours to Thursday morning, while the trading volume rose 0.39 per cent to $70.07 billion.

PancakeSwap (CAKE) was the most trending cryptocurrency at 9 am IST, priced at $2.62, down 2.76 per cent from the previous day. Its 24-hour trading volume was $83.3 million. MultiversX EGLD was the top gainer, up 22.90 per cent to $47.41.

On the other hand, NEAR Protocol (NEAR) was the top loser, down 2.80 per cent to $1.90. Its 24-hour trading volume was $11.5 million. The DeFi segment fell 7.31 per cent to $5.13 billion from the previous day, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin’s price increased by 2.13 per cent to $28,952.22. Its 24-hour trading volume was $34.86 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance stood at 46.78 per cent, up 0.40 per cent over the previous day.

Ethereum: Ethereum’s price increased by 2.04 per cent to $1,903.70. Its 24-hour trading volume was $16.36 billion.

Tether: Tether fell by 0.01 per cent to $1 in the last 24 hours. Tether’s 24-hour trading volume was $47.42 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana’s (SOL) price fell by 0.73 per cent to $21.64 in the last 24 hours.

Avalanche traded at $17.41, down 0.46 per cent, while its 24-hour trading volume stood at $327 million.

Cardano (ADA) rose 2.54 per cent. It is ranked seventh, with a 24-hour trading volume of $524 million.

Meme Coins

Dogecoin (DOGE) rose 0.05 per cent, with a 24-hour price of $0.07988.

Shiba Inu decreased by 0.60 per cent to $0.0000103.

Decentralised Finance

DeFi was trading at $0.04604, the same as yesterday.

Yearn.Finance was up by 3.15 per cent to $8,318.41 in the last 24 hours, while its 24-hour market cap was $274 million.