Bitcoin (BTC) had been struggling below $57,000 for almost two weeks. Now, the leading cryptocurrency shot above the resistance zone of 58,500 SD before retreating to consolidate above $ 57,000. At the time of writing, Bitcoin was trading at $ 57,616.11: an increase of 0.61% over the past 24 hours.
Over the past 24 hours, Bitcoin has hit a high of $59,367.97 and a low of $57,253.95, initiating a possible bullish movement back above $60,000.
Ethereum, the second largest cryptocurrency by market capitalization, also saw an increase to over $4,400 today. At the time of writing, ETH was trading at $4,412.15, an increase of 3.11% over the past 24 hours.
Over the past 24 hours, Ethereum has reached a high of $ 4,550.84 and a low of $4,274.99, indicating a possible bullish trend that could push Ethereum back towards $ 4,800.
Basic Attention Token (BAT)
The Basic Attention Token (BAT) has triggered a monster run that catapults it to a new all-time high (ATH) of $1.85 in the early hours of Friday morning.
At the time of writing, BAT was trading at $1.79, an increase of 50.63% over the past 24 hours and only 5.93% below the newly set all-time high.
For those who are not yet familiar with the BAT token: it is a token that powers a new blockchain-based advertising ecosystem via the Brave Browser. The BAT rewards users for viewing ads and provides advertisers with a better way to maximize engagement and reduce losses from ad abuse and fraud.
BAT users will receive BAT tokens as a reward for watching advertisements that protect privacy.
Outlook on the Global Crypto Market Today
The global market capitalization has increased by 0.66% in the last 24 hours to $2.61 trillion.
The crypto market volume has also climbed by 0.59% to $140.09 billion in the last 24 hours.
Stable coins have a majority share in the 24-hour crypto market volume. The total volume of all stable coins amounted to $ 105.73 billion, which is 75.47% of the total crypto market.
Defi, on the other hand, has a total volume of $ 20.78 billion, which corresponds to 14.83% of the total market volume.
The dominance of Bitcoin fell by 0,20% to 41,60% in the last 24 hours.