What are happenings in the cryptocurrency market in the last 24 hours:
Price Movements
✍🏼 Bitcoin (BTC): Bitcoin prices crossed the $88,100 mark on April 22, up 0.72% over the previous day, with a market cap of $1.75 trillion (up 0.75%) and trade volume of $37.58 billion.
✍🏼 Ethereum (ETH): Ethereum saw a significant increase, rising 4.20% to $1,579.57. Its market cap reached $190.67 billion (up 4.22%) with a trading volume of $14.36 billion.
✍🏼 Solana (SOL): Solana also experienced an uptick, with its price reaching $139.03, a market cap of $71.9 billion, and a volume of $3.82 billion.
✍🏼 XRP: XRP has secured the third slot among the largest cryptocurrencies after racing ahead of USDT as the SEC dropped charges against Ripple. The asset has spiked 6.4% over the last 24 hours, and its 24-hour trading volume stood at $10.7 billion.
Market Capitalization and Volume
• The total cryptocurrency market capitalization witnessed a slight drop of 0.30% over the past 24 hours to $2.74 trillion.
• The total market volume rose 28.69% to $86.64 billion.
• The volume of stablecoins was at $81.9 billion, which is 94.54% of the total crypto market 24-hour volume.
• DeFi trade volume was at $6.55 billion, accounting for 7.56% of the total crypto market volume.
Other Developments
• Trump World Liberty Finance Launches Strategic Crypto Market Token Reserve: World Liberty Finance, the crypto project associated with Donald Trump, launched a strategic token reserve, investing in tokens like Tron, Ethereum, Chainlink, Ondo, and AAVE.
• Trump Hires Brian Quintenz to Lead CFTC Crypto Division: Donald Trump hired Brian Quintenz, the current head of a16z, to be the crypto head at the CFTC.
• Bitcoin and Ethereum ETF Outflows: Spot Bitcoin ETFs had net outflows on Tuesday, while Ethereum had inflows.
• Goldman Sachs Buys Crypto ETFs: Goldman Sachs increased its investment in spot Bitcoin ETFs to $1.5 billion and its ETH ETFs by $22 million to $476 million.
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