At the time of writing, the global cryptocurrency market cap jumps 2.8% in the last 24 hours to $0.902 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $62.21 billion.
The crypto market leader, Bitcoin price is currently trading at $17,150. This follows a 4.38% increase in the last 24 hours. As a result, its market capitalization stands at $330.76 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,289.4, which increased by 6.1% in the last 24 hours.
The price of Cardano (ADA) has increased by 2.9% in the last 24 hours. ADA is currently ranked 9th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of ADA was trading at $0.3176.
In addition, the price of XRP increased by 1.67% in the last 24 hours. XRP is currently ranked 7th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of XRP was trading at $0.4039.
DogeCoin (DOGE) continues to gain traction among cryptocurrency traders and influencers. It increased by 3.89% in the last 24 hours and is currently trading at $0.1049.
The global crypto market turns bullish because of the massive movement of large whales. As per reports, following a brief fall, the whales became active and began purchasing assets at lower prices, assisting the market to regain its bullish momentum.
In addition, the US equity market in its yesterday trading session gains more than 4%, which again shows a correlation between the two markets.
Sony has unveiled a set of six motion-tracking devices that will allow a user's body to control the motions of an avatar. This set, known as Mocopi, will enable mobile motion capture by wearing sensors around a user's head, waist, wrists, and ankles.
Binance, the world's largest cryptocurrency exchange, announced on Wednesday that it has acquired 100% of Sakura Exchange BitCoin (SEBC). The acquisition signifies Binance's entry into the Japanese market as a Japan Financial Services Agency (JFSA) licensed firm.
COINGABBAR VIEWS: The current market circumstances have triggered the crypto market to achieve a bullish trend. However, the crypto market remain bullish in the past day, and it appears to be continuing, as evidenced by the current influx.
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