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Crypto assets have gained in value over the past 24 hours as the price of bitcoin peaked on Friday, hitting $ 42,411 per unit at 8:00 p.m. EDT. The total market cap of all 10,000+ crypto assets is $ 1.64 trillion on Saturday, up more than 6% in the past day.
Bitcoin climbs more than 20% this week
The price of bitcoin (BTC) and a number of other digital assets have risen in value over the past few days. Five days ago, a short massive squeeze propelled the price of bitcoin higher as it fell just below the $ 40,000 grip of a low of $ 34,500 per unit.
Likewise, there was also a large derivative expiration on Friday ending July and around 8:00 p.m. (EDT) a series of short positions were liquidated. In the past day, $ 284.7 million in positions were liquidated according to liquidation data from bybt.com.
After 8:00 p.m., the price of bitcoin (BTC) quickly climbed to $ 42,411 per unit and has remained above the $ 41,000 handle since then. BTC is up over 7% today and over 20% in the last seven days. Out of the $ 1.64 trillion aggregate, the bitcoin (BTC) market cap captures 47.66% of the aggregate at $ 781 billion.
BTC has a global trade volume of around $ 33 billion on Saturday, with tether (USDT) accounting for 59% of all trading. Next come the USD (12.29%), BUSD (5.85%), JPY (4.34%) and EUR (3.41%). At the time of this writing, BTC was trading hands for $ 41,522 per unit.
Ethereum hits 12% this week, Easyfi tops 2,800%, Tether captures 47% of global trade volume
The second largest crypto asset, in terms of market capitalization, is Ethereum (ETH) which rose more than 5% in the last day. ETH has gained 12% over the past seven days and at time of publication ETH is trading for $ 2,455 per unit.
The biggest winners over the past seven days include easyfi coins (EASY) up 2,854%, flexacoin (FXC) up 706% and omix (OMX) up 500% this week. Biggest weekly losers include beetle coin (BEET) down 83%, chip (CHIP) down 54%, iov blockchain (IOV) down 51%.
The biggest 24-hour gain among the top ten crypto assets, in terms of market valuation, is the polkadot (DOT) which is up 12% today and 20% over the past week. Of the $ 1.64 trillion in crypto assets, the trading volume reported on Saturday is $ 84 billion. Tether (USDT) is said to command $ 57 billion, or 47.36% of current global trade volume among all crypto assets on record.
What do you think of the recent rise in crypto and the improvement in prices? Let us know what you think of this topic in the comments below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Bybit Data, Bitcoinwisdom.io,
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