Crypto market continued to fluctuate as the week draws to a close, with the global market capitalisation jumping more than 2% to US$937bn early Thursday, encouraged by strong performances in the large-cap space.
Bitcoin added more than 3% to bring its price up to US$19,400, with long traders no doubt hoping for an imminent return above the key US$20,000 support line.
Ethereum fared similarly, heading above US$1,300. Meanwhile, Binance’s BNB coin outperformed the market by adding nearly 5%.
Solana also performed well and is currently inching close to a US$12bn market cap.
However, morning gains we less enthusiastic for Polkadot, Cardano, Polygon and the DOGE and Shiba Inu meme coins, all of which added under 2%.
Top movers in the decentralised finance space this Thursday morning include derivatives exchange Synthetix and decentralised exchange PancakeSwap.
Among the negative movers, the Quant network’s QNT token lost over 5% of its market cap, as did Celsius.
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