- By Aditya Pratap Singh
- Thu, 13 Mar 2025 09:23 AM (IST)
- Source:JND
Cryptocurrency Market: The cryptocurrency market extends the previous day's momentum, reacting positively to lower-than-expected CPI data. In the last 24 hours, the crypto market cap surged 2.12% to $2.72T. The combined volume of trading for the crypto market over the previous 24 hours was $102.4B, a 13.80% decrease from the last day's volume. DeFi contributed $6.3B, 6.15% of the total cryptocurrency market 24-hour volume. Meanwhile, the contribution of all stable coins in trading volume was $96.02B, which is 93.77% of the total 24-hour volume.
Major cryptos like bitcoin, ethereum, Tether, XRP, BNB were trading slightly higher.
"Bitcoin has extended its rally towards $84,000 as the market reacted positively to lower-than-expected US CPI data. US yearly CPI came in at 2.8% versus 2.9% expected and has alleviated concerns of any further interest rate hikes. Bitcoin spot ETFs recorded $60 million in inflows today in a show of confidence. Stock indices have also gained as a result," said Vikram Subburaj, CEO, Giottus Crypto Platform.
Major Cryptocurrencies Price Today
Yesterday, the heavyweights of the crypto market soared after Ukraine agreed to a 30-day ceasefire in the war against Russia. Extending the previous day's gain fueled by lower than expected US inflation data, the crypto market has been trading in green for the past 24 hours.
Bitcoin Price Today: The bitcoin is trading a bit higher at $83,606.84, surging 1.8% in the last 24 hours. Earlier this week, the price of the World's largest crypto fell below the $80,000 mark following a series of declines.
Ethereum Price Today: Amid a decent rally in other top cryptocurrencies, Ethereum has been trading in a kind of flat for the past 2 days. At the time of writing, Ethereum was trading at $$1,885.17, surging 1.2% in the last 24 hours. In the last seven days, Ethereum's value declined over 17%.
Solana: The cryptocurrency was trading 1.87% higher at $124.70 in the last 24 hours. It has suffered a massive loss of over 17% in the last 7 trading sessions.
BNB Price Today: In the last 24 hours, BNB price jumped 6.30% to trade at $580.63, highest among the top cryptocurrencies. However, in the last 7 trading sessions, the cryptocurrency has plunged over 3%.
Dogecoin: Dogecoin soared 5.71% % in the last 24 hours to trade at $ 0.1704. In the last 7 days, the cryptocurrency has lost over 18% of its value.
"Major altcoins had a relatively muted day, however, with Ethereum, XRP, Solana, and Cardano registering modest gains. BNB outperformed with a 4% surge, fueled by investment firm MGX's $2 billion commitment to Binance. Pi Coin has jumped 17% after Zito Realty began accepting payments via the Pi Network," said Vikram Subburaj.
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Disclaimer: This story is just a piece of news about the recent development in the crypto market. Jagran does not advise investing, please do take the expert's opinion before investing. The views and opinions shared in the article belong to the experts only.