Global cryptocurrency market observed a steep surge on Tuesday after declining for weeks. Almost all cryptos managed to push the luck in pricing after consistent plunges.
CoinMarketCap confirms the market to value $2.26 trillion, increasing by 6.62% within 24 hours. Even the transacted crypto volume increased significantly for several days.
Tuesday alone amounted to nearly $95.67 billion trading volume to increase trading by 8.93%. However, stablecoins held majority of the volume, covering $75.89 Bn or 79.33%.
Bitcoin gained nearly 9% within 24 hours on December 21, surpassing the $57,500 market value. Overall sentiment seems to stand on BTC’s side. That’s why a steep recovering trend is underway or so.
LUNA and Ethereum also held a considerable percentage on the green side. The trading volume even exceeded 22% this week. But there’s no massive or significant sell-off for any cryptocurrency yet.
Outbreak of Omicron seems to keep the large investors away from the market right now. Therefore, the expected momentum in crypto pricing isn’t exactly bearish for many.
Thanks to Elon Mask’s tweet last Tuesday, Dogecoin is also making its fortune in the market. His idea of making merch with Doge pushed the crypto’s valuation well enough.
Silva Token holds the top gaining spot with a 5375.32% increase to a $0.00000002518 value. CashBackPro achieved 3145.27% to reach $3.44 value. CryptoMafia, VNX, WAM & Dapp Token occupied the following spots in terms of increments.
Meantime, Moontography went down to $0.0001682, losing 97.65% of its value. Also, MaticVerse and GalaxyGoggle DAO went down by 83.99% and 77.95%, respectively. Even Tempo DAO, Proxy & Ice DAO lost the pricing significantly.
Last Tuesday, there was a glitch in listed crypto prices on CoinMarketCap and Coinbase. Most of the incorrect pricing denoted significant overblowing alongside inflation.
Clients of the popular crypto sites were confused amidst the altered digital wallet balance. However, the issue was immediately resolved by both online platforms.
Coinbase specifically blamed CoinMarketCap’s improper data for the pricing glitch. Still, there’s no indication of any potential reason to trigger such a mistake/inaccuracy.