Crypto price today: Dogecoin rallies 16% after Elon Musk’s Twitter antics; crypto markets reclaim $1 trillion mark

Cryptocurrency prices rallied on Thursday morning. The global cryptocurrency market cap has gained 2.50 per cent and the global cryptocurrency market cap stands at $1 trillion. The total cryptocurrency market volume over the last 24 hours stands at $103.24 billion, marking a 47.25 per cent downtrend. The volume of all stablecoins is $92.99 billion.

Bitcoin, Ethereum, and BNB

Bitcoin, Ethereum, and BNB have been in the green over the last 24 hours. 

Bitcoin is trading at $20,769 and is up by 2.49 per cent. Its dominance stands at 39.70 per cent. Ethereum blockchain’s native token gained 4.75 per cent and is trading at $1,555. BNB, the native cryptocurrency of Binance Smart Chain, witnessed an uptrend of 1.33 per cent.

Stablecoins  

Stablecoins did not show much volatility and most of them maintained parity with $1.  

USDT Tether stablecoin showed 0.01 per cent negative change in its value over the last 24 hours and is trading at $1. USDC stablecoin also witnessed negative change of 0.01 per cent and is trading at $1. BinanceUSD or BUSD also witnessed a 0.07 per cent positive change in its value over the last 24 hours. The stablecoin is trading at $0.999.

Stablecoin DAI fell 0.02 per cent and is trading at $1.

Layer 1 blockchain tokens    

Top cryptocurrencies native to layer 1 blockchain networks like Ripple, Solana, Avalanche, and Cardano witnessed positive momentum over the last 24 hours. 

Cardano’s ADA showed 1.68 per cent uptrend. Solana blockchain’s SOL witnessed a 1.14 per cent gains, while Avalanche’s AVAX went up 0.62 per cent. XRP Ripple gained 3.20 per cent. 

Polkadot and Polygon

Polkadot’s native cryptocurrency, DOT, and Polygon’s native crypto token, MATIC, showcased positive momentum.

DOT token is up by 0.37 per cent and Polygon’s MATIC crypto token has gone up by 0.38 per cent over the last 24 hours.

Memecoins

Memecoins showcased most gains. Dogecoin is up 16.12 per cent, partly due to Elon Musk’s latest antics related to the Twitter acquisition and partly because of the market momentum. While meme crypto coin Shiba Inu has gained 11.36 per cent over the last 24 hours.

The majority top cryptocurrency tokens witnessed positive movement over the last 24 hours. The prices of crypto tokens have also rallied.

Also Read: Crypto price today: Bitcoin, Ether, Solana up; Cardano, Polkadot gain 9% as crypto markets in green - BusinessToday

Also Read: Cryptocurrency price today: Bitcoin, Ethereum, Shiba Inu in green, Dogecoin down; majority tokens gain - BusinessToday