Bitcoin Surges Past US$81K, Ethereum Rallies Nearly 12% as Market Cap Hits US$2.59T
The cryptocurrency market today experienced a robust upswing, climbing 7.57% and reaching a global market capitalization of US$2.59 trillion. This impressive growth comes amid a significant surge in trading activity. Which went up by an amazing 36.96% and netted to US$166.27 billion in trading volume within the past 24 hours. With the market remaining in positive territory for the most part, there was a slight correction in Bitcoin price increase, while its market share decreased to 62.63%, which is a rather steep time of correction.
The size of activity related to Defi currently stands at US$ 10.89 billion, which is 6.55% of the 24-hour trading volume of the entire crypto market, and volumes of stablecoin transactions equaled US$ 157.18 billion which is equal to 94.53% of the total equity-based cryptocurrency transactions during this period. The Fear & Greed Index is at the level of 25 out of 100 despite all the recent increases, suggesting more of a cautious view towards the market.
