The global cryptocurrency m-cap advanced 0.11% to around $1.55 trillion in the last 24 hours. However, the total trading volume declined over 30% to $50.79 billion. BTC has started consolidating in a very narrow range of $39.5k to $40.5k following the recent dump below $40k.
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New Delhi: After a decent rally, major cryptocurrencies were trading flat at 9:30 hours IST on Thursday. Crypto bulls were tired after a sharp run in the last one week. However, XRP emerged as an exception, which was just shy of a double-digit gain.
The global crypto market cap jumped to $1.54 trillion, almost flat compared to the last day. However, the total crypto market volume declined 11 per cent to $86.65 billion.
Bitcoin broke above $40,000 on Wednesday and was headed for another attempt at breaking from its months long range as short sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors.