6 Crypto Coins Gain Up To 821% in a Day; Bitcoin in Red

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Cryp­tocur­ren­cy Update: The cryp­tocur­ren­cy mar­ket was back in red at the start of the week fol­lowed by loss­es incurred by major cryp­to coins includ­ing Bit­coin, Ether, BNB and Solana. Bit­coin prices have been wit­ness­ing con­stant cor­rec­tions after it rose to its peak of $69,000 dur­ing the lat­er half of the pre­vi­ous years. The world’s most valu­able cryp­tocur­ren­cy has not been able to move past the $45,000 mark for a while now, as traders remain to be cau­tious about risk assets amid anoth­er wave of the Covid-19 pan­dem­ic. This has also set off a down­ward tra­jec­to­ry in the cryp­tocur­ren­cy mar­ket cap, which has been see­ing con­stant drops.

One unit of Bit­coin, the world’s largest cryp­tocur­ren­cy by mar­ket price, slight­ly fell to $42,745.73. This was down by 0.56 per cent over the last 24 hours but 2.51 per cent up over the last sev­en days, accord­ing to glob­al cryp­to track­ing web­site Coin­Mar­ket­Cap. “Bitcoin’s dom­i­nance is cur­rent­ly 39.53 per cent, nan increase of 0.12 per cent over the day,” men­tioned the plat­form in a note on its website.

“In the first half of this week, there seems to be a lot more direct pur­chas­ing of alt­coins, which had some inter­est­ing effects. BTC (Bit­coin) hasn’t been able to get the sup­port it usu­al­ly sees at the top of the month, and cor­re­la­tions broke down a bit, which is why we have seen the asset con­tin­ue to slide down­wards since the start of the year,” said the Zeb­pay Trade Desk in its week­ly quote.

The glob­al cryp­to mar­ket cap was stand­ing at $2.05 tril­lion at the time of writ­ing this arti­cle accord­ing to Coin­Mar­ket­Cap data. This was a 0.60 per cent fall in the last 24 hours. The glob­al cryp­to vol­ume, how­ev­er, rose sig­nif­i­cant­ly over the past day as more traders sold their coins. The total vol­ume of trad­ed coins amount­ed to $70.24 bil­lion over the course of the last day. This has risen by 12.53 per cent over the last 24 hours, said data.

Thoreum  became the top gain­er in the cryp­to pack on Tues­day. Over the last 24 hours, the val­ue of one coin increased by 821.60 per cent. One token was priced at $0.1134, as per data from Coin­Mar­ket­Cap. MiniTes­la and NFT­mall were the oth­er two gain­ers who occu­pied the next top spots on the day.

Top 6 Cryp­tocur­ren­cy Gain­ers in the Last 24 Hours (Accord­ing to Data from CoinMarketCap)

Thoreum: $0.1134 — up by 821.60 per cent

MiniTes­la: $0.000000001524 — up by 225.49 per cent

NFT­mall: $0.3723 — up by 200.29 per cent

Avax­tars Token: $18.46 — up by 198.69 per cent

Cycle Finance: $7.15 — up by 197.58 per cent

Barter­Trade: $0.01009 — up by 194.71 per cent

Top 6 Cryp­tocur­ren­cy Losers in the Last 24 Hours (Accord­ing to Data from CoinMarketCap)

Pomeran­ian: $0.00000002648 — down by 92.07 per cent

Kuai Token: $0.03981 — down by 73.09 per cent

2SHARE: $834.97 — down by 59.59 per cent

WATCHMEN: $0.000000818 — down by 58.84 per cent

Web3 Inu: $0.0000002508 — down by 54.03 per cent

Dev­il Finance: $0.3528 — down by 52.85 per cent

Read all the Lat­est News, Break­ing News and Coro­n­avirus News here.

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