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Cryptocurrency update: The global cryptocurrency market rebounded after falling for a single day yesterday, as the value of major cryptocurrencies fell amid a number of reasons. On Friday, February 3, the global cryptocurrency market traded in the green, in good news for investors as all major currencies rose significantly throughout the day. The market was apparently flat at this point, having been steadily falling for weeks following the US Federal Reserve’s meeting, where it signaled a hike in interest rates to counter inflation.
The cryptocurrency market cap has reached $1.76 trillion, according to data from global cryptocurrency-tracking site CoinMarketCap. This has increased by 5.01 percent over the past 24 hours. However, global cryptocurrency volume decreased slightly over the past day as more traders held onto their coins. The total volume of coins in circulation reached $68.74 billion over the past day. Data posted on the website said this had fallen by 6.14 percent over the past 24 hours.
Bitcoin saw gains on the day, approaching $38,000 in value, according to the data. At the time of writing this article, bitcoin prices are at $37,957.51 according to CoinMarketCap. This is up 3.58 percent over the past 24 hours and 4.11 percent over the past seven days, according to the data.
“The global cryptocurrency market cap is down a bit from yesterday. Bitcoin and Ethereum are both down 2 percent each over the past 24 hours. BTC and ETH are trading below $37,000 and $2,700. Bitcoin dominance is currently 41%. Cent in the market Cryptocurrency market faced heavy selling pressure putting an end to its two-day streak of gains BTC support at $35,000 BTC is trading sideways, likely to continue for a few more days While coming to other altcoins it is working A little bit in the red.”If buyers can move above $40,000 to reverse this ongoing downward trend,” Modrex CEO and co-founder Idol Patel said.
Dogecolony became the biggest gainer in the cryptocurrency stack on Thursday. Over the past 24 hours, the value of one coin has increased by 504.36 percent. One token is priced at $0.000005483, according to CoinMarketCap data. MetaPay and The Neko were the other two gainers that took the next two major positions on the day.
Top 6 profitable cryptocurrencies in the last 24 hours (according to data from CoinMarketCap)
Dogecolony: $0.000005483 — up 504.36 percent
MetaPay: $0.000001921 — an increase of 500.11 percent
Nico: $0.0001664 – up 411.43 percent
Bird symbol: $0.00000002205 — up 394.22 percent
Stobox Token: $0.02431 – up 314.92 percent
Qrkita Token: $0.000006873 — an increase of 298.08 percent
Top 6 cryptocurrency losers in the last 24 hours (according to data from CoinMarketCap)
Vive La Bouje: $35.54 — down 90.39 percent
PAPPAY: $0.00000007615 — down 85.59 percent
TigerInu2022: $0.00002672 – down 84.80 percent
Doge Rise Up: $0.00000000004891 — down 76.78 percent
MetaMaps: $0.0001014 – down 75.84 percent
Snowtomb LOT: $202.35 — down 62.36 percent
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