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Day: June 26, 2023

Crypto Market Surges by $30B in 48 Hours, Bitcoin Cash Leads with 88% Weekly Gain - Latest Crypto Hot News

Crypto Market Surges by $30B in 48 Hours, Bitcoin Cash Leads with 88% Weekly Gain – Latest Crypto Hot News

Over the course of just 48 hours, the cryptocurrency market experienced a significant surge in value, increasing by $30 billion to reach a total value of $1.24 trillion as of June 25th. This represents a 0.4% increase in the past day alone, with Bitcoin and Ethereum leading the way in terms of gains. Bitcoin has seen a 15.7% increase in the past week, while Ethereum has risen over 10.4% against the US dollar.  Among the cryptocurrencies that have seen significant gains over the past week, bitcoin cash stands out with an impressive 88.2% increase. This makes it the cryptocurrency with the highest weekly gain and places it in the sixth-highest trade volume position with approximately $1.31 billion in transactions over the last day. Other notable gainers include Cardano, Pepe, Aave, Bitcoinsv (BSV), kava, and synthetix (SNX). However, some cryptocurrencies have experienced losses over the past week, ranging from 1.2% to 6.8%. These include XAUT, PAXG, KCS, RPL, BNB, and BTT. Despite these losses, the global crypto trade volume reached $38.62 billion in the past day, with Stablecoins accounting for $24 billion of this total. The cryptocurrency market has seen a significant increase in value in just 48 hours, with bitcoin cash leading the way in terms of gains. The market is constantly fluctuating, and while some cryptocurrencies have seen gains, others have incurred losses. It remains to be seen how these trends will continue in the future. Source: Bitcoin.com