KARACHI ( WEB NEWS )
| Total Market Cap: |
$3.63 trillion, reflecting a 2.31% drop over the past 24 hours.
$303.84 billion, down by 15.19%.
– DeFi total volume for $22.42 billion, or 7.38% of the total volume.
– Stablecoins dominate the market with $282.09 billion, representing 92.84% of the total.
•Bitcoin Dominance:
Down to 53.97%, a decrease of 1.22% since yesterday.
Bitcoin Breaks $100,000 Milestone
Bitcoin soared past the $100,000 milestone last Wednesday, driven by growing optimism surrounding President-elect Donald Trump’s transition team. A key highlight is the nomination of Paul Atkins, a crypto advocate, as the incoming chair of the Securities and Exchange Commission (SEC). Atkins’ leadership is expected to usher in a regulatory framework favorable to cryptocurrency innovation. BTC retested the $90K level in the same day before rebounding once again, approaching the $100K mark and trading around it.
Ethereum Outperforms Bitcoin
Ethereum has staged a strong recovery against Bitcoin, gaining 28% since November. Currently priced at $3.945, Ethereum has recaptured significant ground, trading at 0.04 BTC from a November low of 0.0322.
Meme Coins in Focus
Dogecoin surged near $0.50 last week, marking its highest level in over three years. Meanwhile, Shiba Inu (SHIB) remains resilient despite discussions about potential competition from PEPE.
XRP Bounces Back
After declining Sunday, XRP has rebounded with a 4.5% rally, trading above $2.49. Other major altcoins have shown less dramatic movement, with lower volatility across the board.