Bitcoin price traded in red at $ 48,102.46 on Sunday, up 0.67 percent, but the currency gained 11.34 percent over the past week. Bitcoin’s market capitalization was $ 899.94 billion. The cryptocurrency market around the world was nervous when China imposed a blanket ban on cryptocurrencies that caused the cryptocurrency market to decline sharply. In addition to a ban imposed by China, the uncertainty triggered by the Evergrande crisis weighed on markets worldwide. As a result of this crisis, stock markets around the world fell. Sentiment over Bitcoin was bullish when Federal Reserve Chairman Jerome Powell said the US had no plans to ban cryptocurrencies. There was no apparent catalyst for the notoriously volatile digital currencies upward movement that took place early Friday morning. Some traders cited Mr Powell’s comments before the House Financial Services Committee on Thursday and the start of the fourth quarter on Friday when investors sometimes reset their portfolios.
Competing currency, Ethereum, traded at $ 3,360.66, up 2.19 percent, and the currency rose 16.49 percent last week. The market capitalization of the virtual currency was $ 401.27 billion. On the flip side, other virtual currencies like Cardano and Binance Coin were trading in green, Cardano rising 0.25 percent in the last 24 hours and 0.97 percent in the last week, giving a market capitalization of US $ 72.87 billion Dollar equals. The Binance Coin rose 1.66 percent in the past 24 hours and 23.12 percent in the past week, with the virtual currency trading at $ 424.79 on the last day of the week.
The rapid growth of the crypto ecosystem offers new opportunities, the IMF said, but it also warned that digital currency investments pose challenges to financial stability. Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and money transfer, which operates independently of a central bank, announced the International Monetary Fund.
Global crypto market cap is $ 2.10 trillion, up 0.46 percent from last day. The total crypto market volume in the past 24 hours is $ 96.51 billion, down 17.57 percent. The total volume in DeFi is currently $ 15.26 billion, which is 15.81 percent of the total 24-hour volume of the crypto market. The volume of all stable coins is now $ 75.87 billion, which is 78.62 percent of the total 24-hour volume of the crypto market. Bitcoin’s dominance is currently 42.37 percent, down 0.59 percent over the course of the day.
Here are the top cryptocurrencies and their prices on October 3, 2021 (data from coinmarketcap.com at the time of the article’s publication)
Bitcoin – $ 48,102.46, up 0.67 percent over the past 24 hours
Ether – $ 3,360.66, up 2.19 percent over the past 24 hours
Cardano – $ 2.23, up 0.25 percent in the last 24 hours
Binance Coin – $ 424.79, up 1.66 percent over the past 24 hours
XRP – 0.9802 with a -8.18 percent change in the last 24 hours
Solana – 167.93, with a 4.55 percent change in the last 24 hours
Polkadot – $ 31.48, up from -2.73 percent in the last 24 hours
Dogecoin – $ 0.2167, up -2.55 percent over the past 24 hours
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source https://www.bisayanews.com/2021/10/03/bitcoin-price-today-above-48000-ether-up-2-19-cardano-up-0-25-top-cryptocurrency-rates/
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