MOST major digital assets were trading in positive territory as of Tuesday late afternoon, thanks to a 1.6 percent increase in the previous 24 hours and the recovery seen in US equity markets.
The market capitalization of all digital currencies printed at $1.31 trillion, according to trading statistics, despite the recent seesaw price movement on crypto exchanges.
According to CoinDesk data, Bitcoin (BTCUSD), the most valuable cryptocurrency by market capitalization, was changing hands at $30,072, up 1% in the last 24 hours after swinging between a day low of $29,450 and a day high of $30,734. Trading volume was $28.44 billion, down 15% from the previous day.
The most well-known cryptocurrency is currently down 36% year to date, compared to a 14% drop in the S&P 500 index and a 23% drop in the tech-heavy Nasdaq 100 index.
The second-largest cryptocurrency, Ethereum (ETHUSD), was up 1.1 percent to $2,047, while the fifth-largest, XRP (XRPUSD), was up 2.4 percent to $0.43. Terra (LUNAUSD), which hit a 52-week high of $119.51 on April 5, is currently essentially worthless after falling 11% in the last 24 hours.
TerraUSD (UST-USD), Terra’s sister currency and a stablecoin that is designed to keep its peg with the US dollar, has dropped 17 percent in the last 24 hours to $0.09.
According to CoinGecko data, the overall market capitalization of the cryptocurrency industry has hit $1.356 trillion, up 0.8 percent in the last 24 hours.
