The broader crypto market shows bullish momentum.
Crypto market surge due to whale accumulation.
The prices of BTC, ETH, XRP, and DOGE shows gains in the last 24 hours.
At the time of writing, the global cryptocurrency market cap jumps 0.4% in the last 24 hours to $0.902 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $38.17 billion.
The crypto market leader, Bitcoin price is currently trading at $17,214. This follows a 1.9% increase in the last 24 hours. As a result, its market capitalization stands at $322.07 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,289.09, which increased by 3.8% in the last 24 hours.
The price of Cardano (ADA) has increased by 1.25% 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 $0.3225.
In addition, the price of XRP increased by 0.99% 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 $0.3915.
DogeCoin (DOGE) continues to gain traction among cryptocurrency traders and influencers. It increased by 4.4% in the last 24 hours and is currently trading at $0.1041.
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 Friday trading session also remains highly volatile, which again shows a correlation between the two markets.
Elon Musk contests the assertion that SBF gave Democratic legislators $40 million in the run-up to the 2022 midterm elections. He claims it is more than $1 billion.
Dan Finlay, co-founder of MetaMask and ex-Apple employee, believes the crypto sector should abandon Apple's App Store entirely, calling Apple's 30% in-app purchase tax an abuse of monopoly.
COINGABBAR Views: If the current trend continues, the market will most certainly jump further. The volatility trend in the market has persisted for some time and appears to be continuing, as indicated by the current influx.
Read also: Falling Volume Suggests Buy Now While Ethereum Price Corrects?
