ISLAMABAD: The cryptocurrency market remained mixed on Sunday, with the market capitalization gaining 0.7 percent to reach $1.73 trillion. As of 0930 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, surged to $44,030 with a gain of 0.6 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $863 billion with this increase. Bitcoin has been 3.8 percent up in the past seven days. Earlier, Bitcoin briefly breached the $44,000 level on Friday following news that the SEC was offering final comments to issuers, possibly paving the way for Bitcoin spot ETF approval. This recovery reinstated optimism in the market, as the coin saw a decline after surpassing the $45,000 mark on Thursday. On the other hand, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, inched down by 0.1 percent to reach $2,237. TLTP
With this decrease in price, the market capitalization of ETH has reached $269.4 billion. ETH has shed 2.4 percent of its value during the last seven days.
However, Binance Coin (BNB) price inched up by 0.4 percent to reach $307. The market capitalization of BNB has reached $47.3 billion with this increase. BNB has shed 4.6 percent of its value during the last seven days.
On the other hand, Solana price decreased by 1.5 percent to reach $94. With this decrease in price, its market capitalization has reached $40.6 billion. SOL has shed 9.6 percent of its value during the last seven days.
However, the price of Ripple (XRP) increased by 0.2 percent to reach $0.568. The market capitalization of XRP stands at $30.9 billion with this increase. XRP has shed 8.7 percent of its value during the last seven days.
Meanwhile, Nigeria’s central bank has released inaugural guidelines for banks opening cryptocurrency accounts, while retaining its ban on them holding or trading in virtual assets on their own behalf. The rules, published on the central bank’s website, flesh out the regulator’s decision last month to lift its prohibition on banks operating accounts for crypto service providers.
