ISLAMABAD
The cryptocurrency market remained steady on Sunday, with the market cap losing 0.2 percent to reach $1.26 trillion. As of 1045 hours GMT, Bitcoin, the world’s oldest and most valued cryptocurrency, inched down to $30,293 with a decrease of 0.2 percent in the last 24 hours. The market capitalisation of the biggest crypto has reached $588.5 billion with this decrease. Bitcoin has been 0.1 percent up in the past seven days. Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, dived 0.7 percent to reach $1,930. With this decrease in price, the market capitalisation of ETH has reached $232 billion. ETH has been 3.3 percent up in the past seven days.
Ripple (XRP) price, which surpassed BNB to take the place of the third largest cryptocurrency (excluding stablecoins) on Thursday last, increased by 2.1 percent to reach $0.740. The market capitalisation of XRP stands at $39 billion with this increase. XRP has gained 58 percent of its value during the last seven days.
However, Binance Coin (BNB) price decreased 1 percent to reach $250. With this decrease in price, the market capitalisation of BNB has reached $38.9 billion. BNB has gained 6.3 percent of its value during the last seven days.
Following suit, Cardano (ADA) price dipped 3.9 percent to reach $0.322. Its market capitalisation has reached $11.3 billion with this decrease. ADA has gained 12.4 percent of its value in the past seven days.
Other popular altcoins including Dogecoin (DOGE), Litecoin (LTC) and Solana (SOL) landed in the negative as overall prices saw minor losses across the board. Compound (COMP) emerged to be the biggest gainer, seeing a 24-hour jump of over 19.54 per cent. Lido DAO (LDO), on the other hand, turned out to be the biggest loser.
After a favourable federal court decision for Ripple where the US judge ruled that the coin is not “security on its face” in a Securities and Exchange Commission (SEC) case, the market has experienced gains during the outgoing week. In a major win for the crypto world, the US judge has dismissed the claim that Ripple Labs Inc violated federal securities law by selling its XRP token on public exchanges, providing a huge relief to the millions of XRP holders and a vindication for not just the vision of Ripple Labs, but the whole industry. The judge also ruled that institutional sales of XRP by Ripple were securities. TLTP
