Cryptocurrency update: Bitcoin prices jumps 6% to trade above 45k

Bitcoin prices jumped 6% to trade above $45,000. The global cryptocurrency market gap stands at $1.85 trillion, an increase of 5.57% from the previous day.

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Cryptocurrency is trading in the green on August 10. Bitcoin prices jumped 6% to trade above $45,000. The global cryptocurrency market gap stands at $1.85 trillion, an increase of 5.57% from the previous day. The total crypto market volume stands at $108.71 billion, which was a 6.33 per cent increase over the previous day.

The data from CoinMarketCap suggest that the total volume in decentralized finance (DeFi)  is currently $10.96 billion, 10.08% of the total crypto market 24-hour volume. The volume of all stable coins was $86.89 billion – 79.93 per cent of the total crypto market 24-hour volume.

Ethereum also saw an increase of 7% in the price. It is currently trading at $ 3,103.87, Dogecoin is trading at 0.2524, an increase of 4.21% from the last day. 

On August 9, Bitcoin’s price surged almost 5.4% to reach a three-month high. It traded at $46,245. According to LiveMint, the prices of cryptocurrency rose because of policymakers’ last-minute compromises over a provision in the $550bn infrastructure about how to tax crypto assets. Bitcoin prices are expected to touch the 50k mark over this week.

Cryptocurrency prices as of 10:27 a.m.

(Data sourced from CoinMarketCap)

  1. Bitcoin: Price- $45,599.71, 24-hour change: 4.78%, 7 day change: 18.09%
  2. Ethereum: Price – $3,103.87, 24-hour change: 5.37%, 7 day change:22.82%
  3. Tether: Price – $1, 24 hour change: 0.01%, 7 day change: -0.01%
  4. Binance coin: $350.97, 24 hour change:3.41%, 7 day change:7.80%
  5. Dogecoin: Price – $0.2524, 24 hour change: 4.21%, 7 day change:25.76%