Bitcoin Jumps Above $42,000 as Shiba Inu Pumps by 26%
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The cryptocurrency market was trading higher on Monday morning as Bitcoin crossed $42,000
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Asides from Terra, the top 10 cryptocurrencies based on market capitalization were trading higher than the last 24 hours
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The global market cap of cryptocurrencies currently stands at $1.95 trillion, up 2.2% in the last 24 hours
The cryptocurrency market is trading higher this Monday morning with gaming cryptocurrencies enjoying the strongest rise.
Flagship cryptocurrency Bitcoin led the rise as it jumped above $42,000, up 1.87% in the last 24 hours.
Asides from Terra, other cryptocurrencies in the top 10 based on market cap were trading with decent gains.
Meme cryptocurrency Dogecoin went up by more than 7%, while Shiba Inu skyrocketed by over 26%.
The rise of the latter meme cryptocurrency is associated with news that it is set to enter the metaverse with the launch of the Shibaverse.
Read also: US Senator Ted Cruz Joins Crypto Investors
Ripple’s XRP was also among the biggest gainers, adding 13% from yesterday to reach $0.7585.
According to CoinMarketCap, the global market cap of cryptocurrencies is $1.95 trillion, up 2.19% in the last 24 hours.
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