In recent days, the market has seen a broad-based buying with a record claiming Bitcoin leads the pack after a break. This digital coin has been known as the leader of cryptocurrencies since long time crossing over the $ 22,200 mark. On the other side, its counterpart cryptocurrency Ethereum has contributed substantial gains to the fluctuating market.

Since more than a week, the global crypto market went on a bull run as demand for cryptocurrencies picked up. Considering the strong volumes, much loaded crypto market recouped over $1 trillion valuation. According to the CoinMarketCap, the global crypto market has shown trading at $1.01 trillion upwards by 3.4% and today it shows $1.05. Stating the volumes, the market stats mention a record of $69.31 billion in transactions rising up by 6.87%.

Till date, the total volume in Decentralized Finance marks up at $6.13 billion with an 8.84% of the total crypto market as for the 24-hour volume. Meanwhile, the volume of all stable coins reaches $62.69 billion with a 90.45% hype of the total crypto market for the 24-hour volume.

Bitcoin last was trading at $22,218.36 upwards by 3.12% and since the hike day the digital assets has touched an intraday peak of $22,242.90 with its market valuation recorded around $424.3 billion. On the other chart, the dominance of Bitcoin jumped 0.05% to 41.97% within a day. Also, the Ethereum trading recorded $1,454.47 higher worth 6.39% witnessing an intraday peak of $1,455.06.

Other counterparts such as USD Coin, Tether, BNB, XRP, Solana, Dogecoin has been trading between flat to round 1% upside. Meanwhile, the apex underperforming digital currencies are Lido DAO (10%), UNUS Sed Leo (4%), and Fei USD (1%) plunging price areas. The top trending cryptocurrencies states Ethereum, Bitcoin, BIDR, Terra Classic, Terra LUNA, Polygon, WETH, Bonfida, Shiba Inu, and SushiSwap.

On the contrary, many believe to have a co-relation between the global equities and overall cryptocurrency market amidst macroeconomic uncertainties. Though the cryptocurrency market experienced the brunt in terms of panic selling in last 7 days. The market at present faces liquidity scarcity, this might be a break-through era and waiting opportunities to chase for. Let’s wait for the next bull run and market crash prior to secure assets beforehand with a close look at the market.

Ajit N

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