Market Highlights: Bitcoin consolidates above $57K, Ethereum surges above $4.4K, Basic Attention Token (BAT) sets new ATH
After struggling below $57,000 for almost two weeks, Bitcoin (BTC) shot up past the $58,500 resistance zone before pulling back to consolidate above $57K. At the time of writing, Bitcoin was trading at $57,616.11, a 0.61% increase in the past 24 hours.
In the last 24 hours, Bitcoin has hit a high of $59,367.97 and a low of $57,253.95; setting in place a possible bullish motion back above $60K.
Ethereum, the second-largest cryptocurrency by market cap, also registered a surge today to trade above $4,400. At the time of writing, ETH was trading at $4,412.15, a 3.11% rise in the last 24 hours.
In the last 24 hours, Ethereum has hit a high of $4,550.84 and a low of $4,274.99; setting in place a possible bullish trend to push Ethereum back towards $4,800.
Basic Attention Token (BAT)
The Basic Attention Token (BAT) has unleashed a monster run propelling it to a new all-time high (ATH) of $1.85 in the early hours of Friday morning.
At the time of writing, BAT was trading at $1.79, a 50.63% rise in the last 24 hours and only 5.93% below the newly set all-time high.
For those that haven’t met the BAT token, it is a token that powers a new blockchain-based advertising ecosystem through the Brave Browser. The BAT rewards users for viewing ads and provides advertisers with a better way to maximize engagement and reduce losses as a result of ad abuse and fraud.
BAT receives BAT tokens as rewards for watching privacy-preserving adverts.
Global crypto market outlook today
The global market cap has increased by 0.66% in the last 24 hours to stand at $2.61 trillion.
The crypto market volume has also made a 0.59% increase in the last 24 hours to $140.09 billion.
Stable coins have a majority stake in the 24-hour crypto market volume. The total volume of all stable coins stood at $105.73 billion which accounts for 75.47% of the total crypto market.
Defi on the other hand has a total volume of $20.78 billion, which is a 14.83% of the total market volume.
Bitcoin dominance decreased by 0.20% in the last 24 hours to 41.60%.
