Crypto market update: BTC rises to $21,000
The biggest riser among the top 100 cryptos was Compound (COMP)
The price of Bitcoin (BTC) ended yesterday at $20,551 after rising by 0.03% during the day, according to Currency.com. The lead crypto was trading at $21,079 earlier today.
The trading volume of BTC had decreased by 11.28% over the past 24 hours. Meanwhile, six out of the top 10 cryptos are up today according to CoinMarketCap, with BTC up by 0.58%.
Out of the two stablecoins in the top 10 cryptos, one was up and the other was down. Tether (USDT) was up by 0.01% but had still fallen below the $1 mark to $0.99. USD Coin (USDC) was down by 0.01% but remains priced at $1.
Biggest risers out of the top 100 cryptos
The biggest riser among the top 100 cryptos was Compound (COMP) which increased by 24.72% to $41.41. According to CoinMarketCap, Compound is “a decentralised finance (DeFi) lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform”.
The second biggest riser of the day on the top 100 was Zilliqa (ZIL), which was up by 20.52% to $0.041. Zilliqa “is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second,” states CoinMarketCap.
The third biggest top 100 riser was Waves (WAVES), up by 19.79% to $5.73. CoinMarketCap says Waves “is a multi-purpose blockchain platform which supports various use cases including decentralised applications (dApps) and smart contracts”.
Biggest fallers out of the top 100 cryptos
Bitcoin Cash (BCH) was the biggest faller of the day out of the top 100 cryptos, dropping by 4.04% to $116.44. CoinMarketCap states BCH “is an alternative to the oldest and most traded cryptocurrency BTC, only the BCH network is much faster and cheaper”.
The second biggest faller out of the top 100 was Helium (HNT), having decreased by 1.19% to $11. According to CoinMarketCap, HNT “is a decentralised blockchain-powered network for Internet of Things (IoT) devices”.
The third biggest faller out of the top 100 was Fei USD (FEI), having dropped by 0.50% to $0.99. CoinMarketCap describes FEI as “a DeFi native algorithmic stablecoin”.
Overall biggest crypto risers
Out of the more than 10,000 cryptos listed on CoinMarketCap, Metaxa (METAXA) was the overall biggest riser of the day, up by 264.77% to $0.0000006712. According to CoinMarketCap, METAXA “is the protocol established on the Binance Smart Chain network and intended to be used for purchases within the universe that Metaxa is developing”.
The second biggest riser among all cryptos was INGRESS (IGR), which increased by 218.46% to $0.003596. CoinMarketCap says the top cryptocurrency exchange for trading in IGR is PancakeSwap.
The third overall biggest riser was Choise.com (CHO), up by 139.40% to $1.21. CoinMarketCap says Choise.com “is the world's first MetaFi platform that combines all the benefits of centralised finance (CeFi) Crypterium services and the Charism DeFi ecosystem”.
Overall biggest crypto fallers
Spantale (AEL) was the biggest faller of the day out of all cryptos listed on CoinMarketCap, falling by 67.78% to $0.06314. CoinMarketCap explains that AEL “is the native utility token that is used for access to the Spantale Platform”.
The second biggest faller out of all cryptos was Nexum (NEXM), which has dropped by 64.64% to $0.1578. NEXM, states CoinMarketCap, “is the backbone of the Nexum Platform; a fintech platform that was developed to disrupt the financing mechanisms of shipping operations and to tokenise cross-border payments in the shipping and oil industry”.
The third biggest faller out of all cryptos was Corgidoge (CORGI), which was down by 63.88% to $0.0000001116. CoinMarketCap says Corgidoge “is a token launched on Binance Smart Chain, whose co-founder is CEO of big real estate company in Vietnam”.
All prices correct as of 15:14 BST (UTC+1) on Tuesday 21 June.