Crypto market update: BTC up to more than $31,000

The biggest riser of the day out of the top 100 cryptos was helium (HNT)

Bitcoin on a motherboard                                 
Bitcoin closed at nearly $30,000 yesterday and has since traded even higher today at more than $31,000 – Photo: Alamy
                                

The price of bitcoin (BTC) ended yesterday at $29,897 after rising by 0.19% during the day according to Currency.com. The price of the lead crypto was trading at $31,379 earlier today.    

The trading volume of BTC had increased by 74.49% over the past 24 hours. Meanwhile, nine out of the top 10 cryptos are up today according to CoinMarketCap, with BTC up by 5.72%.

Ethereum (ETH) was up by 6.79% to $1,904, binance coin (BNB) was up by 3.83% to $307, cardano (ADA) was up by 11.85% to $0.62 and solana (SOL) was up by 11.26% to $43.

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 below the $1 mark at $0.99. USD Coin (USDC) was down by 0.02% but remains priced at $1.

Ripple (XRP) was up by 2.76% to $0.4 and dogecoin (DOGE) was up by 2.57% to $0.08.

Biggest risers out of the top 100 cryptos

The biggest riser of the day out of the top 100 cryptos was helium (HNT), which increased by 16.72% to $10.89. HNT “is a decentralised blockchain-powered network for Internet of Things (IoT) devices” states CoinMarketCap.

The second biggest riser out of the top 100 was eCash (XEC), which was up by 14.87% to $0.00005503. According to CoinMarketCap XEC “is the rebranded version of bitcoin cash ABC (BCHA), itself a fork of bitcoin (BTC) and bitcoin cash (BCH).”

The third biggest top 100 riser was loopring (LRC), up by 13.51% to $0.57. CoinMarketCap explains LRC “is the ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralised crypto exchanges.”

Biggest fallers out of the top 100 cryptos

Elrond (EGLD) was the biggest faller of the day out of the top 100 cryptos, dropping by 10.69% to $67.76. EGLD is a “blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding” states CoinMarketCap.  

The second biggest faller out of the top 100 was bitcoin cash (BCH), having decreased by 0.13% to $186.78. According to CoinMarketCap, BCH “is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks).”

The third biggest faller out of the top 100 was PAX Gold (PAXG), having dropped by 0.09% to $1,857.88. CoinMarketCap describes PAXG as a “gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019.”

Overall biggest crypto risers

Out of the more than 10,000 cryptos listed on CoinMarketCap, bee inu (BEEINU) was the overall biggest riser of the day, up by 3,564.12% to $0.0001098. According to CoinMarketCap bee inu “is a coding education site for everyone. It contains tools that make programming love and easy especially for children where users earn BEE INU Tokens as rewards for every quiz and comment they make.”

The second biggest riser of all cryptos was GOMA Finance (GOMA), which increased by 909.67% to $0.000000002757. The best crypto exchanges for trading GOMA is PancakeSwap states CoinMarketCap.

The third overall biggest riser was wolf safe poor people (WSPP), which increased by 363.95% to $0.00007514. CoinMarketCap says WSPP “is a platform for helping poor people worldwide with decentralised applications (DApps) and the establishment of the Wolfible website, which aims to develop the WSPP project in the non-fungible token (NFT) decentralised finance (DeFi) sector.”

Overall biggest crypto fallers

Bitsubishi (BITSU) was the biggest faller of the day out of all cryptos listed on CoinMarketCap falling by 80.71% to $495.22. CoinMarketCap states the aim of Bitsubishi is to make DeFi “completely secure and to provide the most secure payment system to multinational companies and organisations.”

The second biggest faller out of all cryptos was DOGEFOOD (DOGEFOOD), which has dropped by 57.50% to $0.000000000004069. DOGEFOOD, states CoinMarketCap, “is a charity dog protection project who is committed to making a dog charity organisation to help every stray dog build their home.”

The third biggest faller overall today was Guardian (GUARD), which was down by 53.67 to $2.38. CoinMarketCap says GUARD “is the second currency in the Wolf Den eco system, designed to act a treasury asset and macro belief.” The Wolf Den is a community-driven project for purpose driven individuals, organisations, and companies looking to utilise DeFi.

All prices correct as of 15:08 BST (UTC +1) on Monday 6 June.

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