The world’s largest cryptocurrency Bitcoin touched record highs this week following the launch of Bitcoin exchange traded funds or ETF in the United States. On Wednesday, the price of one Bitcoin stood at an all-time high of around $66,900. On Friday, however, the price of the cryptocurrency fell 3.14 per cent in the last 24 hours, according to information mentioned in CoinMarketCap. Bitcoin, though not legally accepted as a form of currency in many countries across the globe, was trading at $63,495.39 at the time this article was being written.
On Friday the global market cap stood at $2.61 trillion as per data available at CoinMarketCap at 1402 hours IST. The information also showed that it had decreased by 1.38 per cent over the past 24 hours. The total volume of the crypto market over the last day stood at $123.71 billion, which pointed out that there was an increase of 1.97 per cent in the last 24 hours. According to information available at CoinMarketCap, the total volume in DeFi was $15.60 billion, which makes up 12.61 per cent of the total crypto market volume in the last 24 hours.
“After creating a new all-time high, the crypto spectrum witnessed some profit booking. The largest cryptocurrency by market capitalization, Bitcoin, hovered around the $63,000 mark. Most of the top cryptocurrencies fell marginally. Such profit booking can be expected in the forthcoming session with the weekend approaching,” said Edul Patel, the CEO and co-founder of global crypto trading platform Mudrex.
The volume of all stable coins stood at $96.87 billion, which was 78.31 per cent of the 24-hour total crypto market volume.