Cryptocurrency price today: Bitcoin gains 4%, Shiba Inu up 6% as crypto markets rally

Cryptocurrency prices are back in the green this Friday morning. The global cryptocurrency market cap has gained 2.79 per cent and the global cryptocurrency market cap stands at $944.24 billion, although still lower than the $1 trillion mark. The total cryptocurrency market volume over the last 24 hours stands at $85.16 billion, marking a 93.62 per cent uptrend. The volume of all stablecoins is $78.95 billion, 92.21 per cent of the total crypto market’s 24-hour volume.

Bitcoin, Ethereum, and BNB

Bitcoin, Ethereum, and BNB are in the green over the last 24 hours.

Bitcoin is trading at $19,849 and is up by 4.01 per cent. Its dominance stands at 40.39 per cent. Ethereum blockchain’s native token gained 2.83 per cent and is trading at $1,329. BNB, the native cryptocurrency of Binance Smart Chain, witnessed an uptrend of 2.09 per cent.

Stablecoins

Stablecoins did not show much volatility and remained pegged to $1.  

USDT Tether stablecoin showed 0.01 per cent positive change in its value over the last 24 hours and is trading at $1. USDC stablecoin also gained 0.01 per cent and is trading at $1. BinanceUSD or BUSD witnessed a 0.01 per cent positive change in its value over the last 24 hours. The stablecoin is also trading at $1.

Stablecoin DAI gained 0.13 per cent and is trading at $1. 

Layer 1 blockchain tokens  

All top cryptocurrencies native to layer 1 blockchain networks like Ripple, Solana, Avalanche, and Cardano have also shown positive movement over the last 24 hours.

Solana blockchain’s SOL witnessed a 2.34 per cent uptrend, while Avalanche’s AVAX gained 2.91 per cent. Cardano’s ADA showed 2.59 per cent uptrend. XRP Ripple rallied 5.04 per cent.

Polkadot and Polygon

Polkadot’s native cryptocurrency, DOT, and Polygon’s native crypto token, MATIC, showcased positive momentum.

DOT token is up by 2.20 per cent and Polygon’s MATIC crypto token has gone up by 2.76 per cent over the last 24 hours.

Memecoins

Memecoins showcased positive momentum. Dogecoin is up by 2.38 per cent, while meme crypto coin Shiba Inu has gained 6.01 per cent over the last 24 hours.

Overall, majority of the top cryptocurrency tokens have witnessed an uptrend from their previous positions over the last 24 hours.

Also Read: Cryptocurrency price today: Cardano down 4%, Ripple slips 3% despite uptrend in the crypto markets   – BusinessToday

Also Read: Cryptocurrency price today: Bitcoin, Ethereum rally, XRP Ripple up 5% as crypto markets see uptrend – BusinessToday