Cryptocurrency markets have shown uptrend, Global MCap up by 1.67 pc

In the last 24 hours, cryptocurrency markets have been trending upward. According to CoinMarketCap data, the global market cap rose by 1.67 percent in the last 24 hours to USD1.80 trillion as of 8:00 a.m. IST.

Bitcoin is up 2.64 percent, but it is still trading at USD39,382, still below the USD40,000 level. Ethereum is currently priced at USD2,884 after rising 1.82 percent.

The value of the USDT Tether has increased by 0.1 percent in the previous 24 hours. The value of USDC stablecoins increased by 0.04 percent. The value of the BNB coin has risen by 0.56 percent. The value of the XRP Ripple coin has risen by 0.10 percent in the previous 24 hours. The ADA cryptocurrency has been trending upwards by 0.69 percent.

In the previous 24 hours, Terra LUNA has gained by 1.18 percent. The price of Solana climbed by 2.74 percent.  The popular memecoin, Dogecoin, is up 1.49 percent. It has eclipsed Avalanche AVAX as the tenth most valuable cryptocurrency token being traded.

The Cardano blockchain network has joined with Wanchain to enable USDADA mainnet and other blockchains interoperability. It's worth mentioning that ADA is the Cardano network's native cryptocurrency token. Despite market optimism, an executive from the European Central Bank claimed that crypto dynamics are similar to a "ponzi scheme."

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