{"id":410649,"date":"2024-06-04T07:50:17","date_gmt":"2024-06-04T02:50:17","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=410649"},"modified":"2024-06-04T07:50:17","modified_gmt":"2024-06-04T02:50:17","slug":"bitcoin-surges-to-69602-amid-weaker-usd","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bitcoin-surges-to-69602-amid-weaker-usd\/","title":{"rendered":"Bitcoin surges to $69,602 amid weaker USD"},"content":{"rendered":"<p>ISLAMABAD: The cryptocurrency market remained positive on Monday amid a weaker US dollar, with the market capitalization gaining 2.1 percent to reach $2.73 trillion. As of 1325 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, surged to $69,602 with an increase of 2.3 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $1.372 trillion with this increase. Bitcoin has been 1.4 percent up in the past seven days. Similarly, Ether (ETH), the world\u2019s second-largest cryptocurrency by market capitalization, gained 1.2 percent to reach $3,833. With this increase in price, the market capitalization of ETH has reached $460.1 billion. ETH has shed 2 percent of its value during the last seven days. TLTP<br \/>\nOn the other hand, Binance Coin (BNB) price went up by 5.5 percent to reach $634. The market capitalization of BNB has reached $97.2 billion with this increase. BNB has gained 5.3 percent of its value during the last seven days.<br \/>\nFollowing suit, the price of Solana surged by 0.6 percent to reach $166. With this increase in price, its market capitalization has reached $76.4 billion. SOL has shed 0.4 percent of its value during the last seven days.<br \/>\nIn the same way, the price of Ripple (XRP) went up by 0.8 percent to reach $0.521. The market capitalization of XRP stands at $28.8 billion with this increase. XRP has shed 1.5 percent of its value during the last seven days.<br \/>\nMeanwhile, the cryptocurrency market grew 20 percent in May 2024, adding over $420 billion to its market capitalization. After a historic March, where Bitcoin printed an all-time high of $73,750.07, April served as a cooling period, before the markets gained traction again in May 2024. The global crypto market cap grew from $2.041 trillion on May 1, to hit $2.4 trillion at the close of the month, adding over $420 billion in valuation. However, behind the scenes, monthly spot trading volumes shrunk by 32.6% to $2.01 trillion. Additionally, derivatives volume slumped by 47.6% to $4.57 trillion, the seventh consecutive drop in this regard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The cryptocurrency market remained positive on Monday amid a weaker US dollar, with the market capitalization gaining 2.1 percent to reach $2.73 trillion. As of 1325 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, surged to $69,602 with an increase of 2.3 percent in the last 24 hours. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-410649","post","type-post","status-publish","format-standard","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin surges to $69,602 amid weaker USD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-surges-to-69602-amid-weaker-usd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin surges to $69,602 amid weaker USD\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The cryptocurrency market remained positive on Monday amid a weaker US dollar, with the market capitalization gaining 2.1 percent to reach $2.73 trillion. As of 1325 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, surged to $69,602 with an increase of 2.3 percent in the last 24 hours. 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