cryptopolitan.com
- Global crypto market cap sees a 2.08% increase since yesterday up to $2.63T.
- Bitcoin finally made a move upwards by 3.17%, closing the gap between itself and $60k.
- Ethereum sees a price influx of about $4,422, a 3.03% increase since yesterday.
- Binance Coin sees a 7.80% increase in price up to $636.
- Top gainers GALA and BAT see a rapid value increase by 71.02% and 30.04% respectively.
After a sudden turning of the tides, investors are delighted to see our top contenders making a sudden rise in value up the crypto market. All the major coins, such as BTC, ETH, BNB, etc., struggle back up the ladder.
It has delighted investors to see green charts all around, though Bitcoin still has to catch up to make up for the past week’s poor performance. Still, any progress at all is worth celebrating as we move onwards with the fluctuations.
Bitcoin turns its bad luck around
The past week, investors have been worried after seeing the rampant decreases in Bitcoin’s value. It had reached a high of about $59.7k last week on 21 November but has seen only bearish runs since then, showing off red charts that confused us all.
Now, however, it seems to be picking up speed while trying to regain lost ground, bringing a smile to investors’ faces after seeing it make its struggle back up. It has shown a 3.16% increase in value in the last twenty-four hours, raising from $56.7k to $58,350. The sudden influx has been very noticeable and gives us hope for Bitcoin to go over the $60k mark.
Its market cap is at $1.097B and trading volume at $34.19B. Bitcoin has seen better days, it had reached $68k at the start of November, but after a sudden drop in global market cap value, it has lost almost $10,000 from its pinnacle.
Ethereum makes a grab for $4.5k
Ethereum’s investors would be delighted to know that their top altcoin is making its way back up. Although it has not lost as much value like Bitcoin, it had fallen about $800 from the start of November, though it didn’t allow itself to go below the $4,000 mark.
Now, it seems to be nearing its highest record of $4.8k and has seen a rise of 2.76% in the last twenty-four hours, reaching $4,430 once again. While it is not on the same level of value as Bitcoin, it holds a significant place in the crypto world at the second spot on the charts.
Its market cap rests at $521.77B while its trading volume is $18.84B, equal to 4.27 million ETH.
Binance Coin surges up to 7.56% in one day
Binance Coin is a favorite of many investors, ranking third on the crypto market. Although its presence isn’t as dominant as BTC and ETH, it is still a formidable altcoin on millions of people’s watchlists.
Last month, BNB reached a high of $663 and now, leaps back to $636 from about $590 within a day. At this rate, it seems that other altcoins will have trouble overtaking BNB’s spot as it secures the 3rd rank firmly.
GALA and BAT show significant gains in the last day
Gala has made itself known throughout the top gainers’ list as it records some of the highest gains among the top 100 coins. Today, it has seen an increase of 60.72%, reaching $0.677 within a day’s hard work while gaining a 152.49% value within the last week. Its market cap is $4.69B but records a high trading volume of $5.64B!
On the other hand, we have a Basic Attention Token ranking within the top 80 tokens making significant gains of 25.64% in the last twenty-four hours, seeing a price of $1.37.
Final Thoughts
Once again, the crypto world surprises us with a sudden increase in value. It has made investors happy to see Bitcoin, ETH, and others slowly picking themselves back up, aiming to come back stronger, especially in Ethereum and BNB’s case.
We hope to see the top tokens make further advancements and continue to tread along this path with ease, finding no pits and bumps to fall into and to make them lose value again.