ISLAMABAD: The cryptocurrency market extended gains on Sunday, with the market capitalization gaining 1.9 percent to reach $1.72 trillion. As of 1000 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, jumped to $42,445 with an increase of 2.2 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $832.4 billion with this increase. Bitcoin has been 2 percent down in the past seven days. The past week saw somewhat of a roller-coaster in terms of price action as Bitcoin’s decline sent ripples across the entire market. On the other hand, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, went up by 1.2 percent to reach $2,285. With this increase in price, the market capitalization of ETH has reached $274.6 billion. ETH has shed 7.5 percent of its value during the last seven days. TLTP
Market experts are hopeful that ETH might see some more traction due to BlackRock’s spot ETH exchange-traded fund (ETF). However, its approval has now been delayed by the US Securities and Exchanges Commission (SEC). Once approved, this is largely expected to lead to a bullish trend for ETH.
Following suit, Binance Coin (BNB) price increased by 1.2 percent to reach $307. The market capitalization of BNB has reached $47.1 billion with this increase. BNB has shed 3.2 percent of its value during the last seven days.
On the other hand, Solana price increased by 6 percent to reach $97. With this increase in price, its market capitalization has reached $41.8 billion. SOL has gained 4.6 percent of its value during the last seven days.
Similarly, the price of Ripple (XRP) increased by 0.8 percent to reach $0.531. The market capitalization of XRP stands at $28.9 billion with this increase. XRP has shed 3.5 percent of its value during the last seven days.
Manta Network (MANTA), as well as SATS (Ordinals), are the best-performing coins in the past 24 hours, up 21 percent and 18.4 percent, respectively. On the other hand, Chiliz (CHZ) and Klaytn (KLAY) declined by about 4% each.
