Bitcoin prices on Friday jumped well beyond the $45,000 mark on the market. The crypto coin has been trading green over the last seven days with a market cap of $848.41 billion, according to information on CoinMarketCap. Lately, the price of Bitcoin has been jumping between an all-time high of $46,232 to a drop of almost 2 per cent. However, with this in mind, it should be noted that the Bitcoin prices overall have gone up by 53 per cent this year alone, despite the volatility it displays. The dominance of Bitcoin in the market at the time of this article was 44.84 per cent with an increase of 0.24 per cent over the day. The price of Bitcoin on August 13, stood at $45,193.44 with a drop of 2.06 per cent over the course of 24 hours. The digital coin was trading at 11.54 per cent over a seven-day period.
After Bitcoin saw its prices drop to an all-time low as it went under the $30,000-mark last month, the total market cap of many crypto coins hit the $2-trillion mark. This came after a three-month decline from its $2.12 trillion in Mid may according to a report by CoinGecko. This surge came after Bitcoin along with a few of the market’s top altcoins saw a jump over the past week. Bitcoin hit an all-time high on Wednesday as it reached $46,500. This market the cryptocurrency’s jump f 19 per cent over the last three months. Meanwhile, Ether scaled up as well, reaching 21 per cent with a price of $3,200. At the time of this article, the price of Ethereum on CoinMarketCap.com was $3,124.63 with the price over the last 24 hours declining by 3.16. However, the altcoin maintained its trend of trading green over the last week with a 12.54 per cent upward move.
The global crypto market cap at the time of this article was $1.89 trillion, and the overall market had declined by 2.72 per cent over the last day. The total crypto market volume over the last 24 hours was $116.41 billion, which makes for a 10.95 per cent decrease according to CoinMarketCap. The total DeFi was listed as being $12.37 billion or 10.63 per cent of the total crypto market’s 24-hour volume. The volume of all the stable coins was at $91.80 billion which was 78.86 per cent of the total market volume over the last 24 hours.
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