Bitcoin rose above $65,000 on Monday for the first time in over a week. It has since retraced slightly, but remains 0.5% higher than it was yesterday. And what’s good for Bitcoin has been good for the rest of the crypto market.
Crypto Market Capitalization
According to data, the global cryptocurrency market capitalization is $2.5 trillion as of early Monday morning, up 1.3% from the day before.
At the time of writing, the Bitcoin price had fallen to $64,264.08, which was still 3% higher than it was last week. BTC has been traded for $13 billion over the last day.
Approximately 22% of that volume was traded on Binance, the world’s largest cryptocurrency exchange by volume.
According to CoinGecko data, Binance’s First Digital USD (FDUSD) stablecoin is the most popular trading pair for BTC investors.
The FDUSD, which was launched in 2023 by Hong Kong-based company First Digital Labs, has seen $3 billion in trading volume in the past day.
The world’s oldest and largest cryptocurrency by market capitalization recently celebrated a birthday of sorts. The Bitcoin network has now handled over a billion transactions.
Bitcoin Daily Transactions
Bitcoin daily transactions reached an all-time high around this time last year, as the BRC-20 standard and ordinals gained popularity but not without some controversy.
At the time, a vocal group of developers advocated for the blocking of BRC-20 tokens and ordinals on the network.
To read our blog on “April had historic low for crypto’s scams, falling 68%,” click here
