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Crypto Price Update: Global Market Rallies Spurred By Bitcoin, Ethereum Gains

Pepe (PEPE) was the most trending cryptocurrency, up by 7.74 per cent; KuCoin Token (KCS) was the top gainer at $6.97, and VeChain (VET) was the top loser.

Outlook Web Desk

Updated on: 16 June 2023 8:08 am

Crypto Price Update: Global Market Rallies Spurred By Bitcoin, Ethereum Gains

The global cryptocurrency market increased by 1.69 per cent to $1.04 trillion in the past 24 hours?to Friday morning, while the trading volume fell 1.92 per cent to $34.91 billion.??

Pepe (PEPE) was the most trending cryptocurrency for the second consecutive day, up by 7.74?per cent to $0.000009335. Its 24-hour trading volume was about $124 million.

KuCoin Token (KCS) was the top gainer, with an increase of 14.50 per cent to $6.97. Its 24-hour?trading volume was around $6 million. Conversely, VeChain (VET) was the top loser?cryptocurrency, down 4.83 per cent to $0.01486. Its 24-hour trading volume was $41 million.

DeFi fell 7.02 per cent to $2.43 billion, Coinmarketcap.com reported.

Cryptocurrency Prices

Bitcoin: Bitcoin’s price increased by 2.20 per cent to $25,546.70. Its 24-hour trading volume was?$15 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s?market dominance stood at 47.73 per cent, up 0.27 per cent over the last 24 hours.

Ethereum: Ethereum’s price increased by 1.69 per cent to $1,642.72 over the previous day. Its?24-hour trading volume was $6 billion.

Tether: Tether increased by 0.16 per cent to $0.9991 in the last 24 hours. The 24-hour trading?volume was $24 billion. It is ranked third on Coinmarketcap.

Other Altcoins

Solana’s (SOL) price increased by 0.31 per cent to $14.89 in the last 24 hours. Its 24-hour?trading volume was $282 million.

Avalanche traded at $11.46, up by 0.66 per cent, while its 24-hour trading volume stood at $118?million.

Cardano ADA increased by 1.54 per cent to $0.2632 over the previous day. Its 24-hour trading?volume was $220 million.

Meme Coins

Dogecoin (DOGE) increased by 3.14 per cent, with a 24-hour price of $0.0619.

Shiba Inu was up by 2.46 per cent to $0.000000678.

Decentralised Finance

DeFi coin was trading at $0.008623, up by 1.24 per cent over the past 24 hours.??

Yearn.Finance rose 2.16 per cent to $5,546.64, while the 24-hour trading volume was about $11?million.