Bitcoin Stays Firm Above $30,000 While Compound Takes Lead as the Highest Earner in Cryptocurrency Market Update
Over the weekend, Bitcoin (BTC) and Ethereum (ETH) reached the price points of $30,000 and $19,000, respectively. However, BTC saw a slight loss of 0.51%, while other popular altcoins like Litecoin (LTC) and Ripple (XRP) also experienced minor losses. The biggest gainer was Compound (COMP), with a 24-hour jump of over 19.54%, while Lido DAO (LDO) was the biggest loser.
The global crypto market cap currently stands at $1.21 trillion, showing a 24-hour loss of 0.40%. Bitcoin’s price is currently at $30,176.06, with a 24-hour loss of 0.51%. Ethereum’s price stands at $1,924.89, with a 24-hour loss of 0.43%. Dogecoin (DOGE), on the other hand, saw a 24-hour gain of 3.14%, currently priced at $0.0708. Litecoin experienced a loss of 0.30%, trading at $94.67. Ripple’s price saw a loss of 2.35% and stands at $0.711. Solana’s price experienced a loss of 0.57% and currently stands at $27.23.
The top five gainers in the last 24 hours, according to CoinMarketCap, were Compound (COMP) with a 19.54% gain, 1inch Network (1INCH) with a 10.20% gain, Synthetix (SNX) with an 8.09% gain, Maker (MKR) with a 6.51% gain, and Terra Classic (LUNC) with a 6.10% gain. The top five losers were Lido DAO (LDO) with a 5.80% loss, Stellar (XLM) with a 5.62% loss, Frax Share (FXS) with a 4.26% loss, Fantom (FTM) with a 4.20% loss, and Zilliqa (ZIL) with a 2.84% loss.
It’s important to note that cryptocurrency and NFTs are unregulated and can be highly risky investments. There may be no regulatory recourse for any losses incurred. Cryptocurrency is not considered legal tender and is subject to market risks. Investors are advised to seek expert advice and thoroughly read all relevant documentation before making any investments. Additionally, cryptocurrency market predictions are speculative, and readers should be aware of the potential risks involved.
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