Global’s Biggest Exchange is Astonished by the Mysterious $1.88 Billion Bitcoin Transfer
In Monday’s session, crypto tokens were trading mixed, with a negative tilt. Bitcoin, Ethereum, Solana, Polkadot, and Tron were all down, while XRP, BNB, Cardano, Dogecoin, Polygon, and Toncoin were all up.
Meanwhile, the global cryptocurrency market cap fell 0.14% in the last 24 hours to roughly $1.32 trillion.
As of 1:10 p.m., Bitcoin was down 0.6% at $34,915 and Ethereum was trading below $1,900. XRP increased by more than 9%.
Bitcoin has been trading near the $35,000 mark. This volatility could be due to traders cashing out their Bitcoin earnings and reinvesting them in altcoins. Another possible cause is that the United States added 150,000 jobs in October, falling short of the 180,000 projected by economists and falling short of September’s 297,000 total.
Meanwhile, prominent crypto coins have surged in the recent week as a result of the US Federal Reserve’s rate halt. Bitcoin increased by roughly 2%, while Ethereum increased by 5%. XRP, Solana, and Cardano all gained more than 17%.
The crypto fear and greed index has surged 4 points from yesterday to be within the greed zone with a score of 74/100, indicating that the recent rally from last week has boosted investor sentiment. While the price momentum may appear to be short-term, market watchers are finding indicators of long-term demand fueling the cryptocurrency uptrend.
The overall volume in DeFi is currently $4.31 billion, accounting for 11.28% of the entire 24-hour activity in the crypto market. The total volume of all stablecoins is now $32.74 billion, accounting for 85.76% of the total 24-hour volume of the crypto market.
Bitcoin’s, the world’s largest cryptocurrency, market cap has dropped to $682 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin now has a 51.8% market share. BTC volume increased 29% in the last 24 hours to $12.4 billion.
BTC dominance fell by more than 1.5%, signalling possible openings for cryptocurrencies to shine. The dominance of ETH has also found support, possibly indicating a resurgence.