Cryptos Market Cap Rises to $2.75T as Bitcoin (BTC) Tops $85K

Global cryptocurrency market capitalisation climbed to $2.75 trillion on Tuesday as Bitcoin topped $85,000 amidst price volatility stoked by U.S recession fear and weak investors' sentiment.

Global cryptocurrency market capitalisation climbed to $2.75 trillion on Tuesday as Bitcoin topped $85,000 amidst price volatility stoked by U.S. recession fear and weak investors’ sentiment.

According to data from the CoinMarketCap.com, the global crypto market cap now stands at $2.75 trillion, a 3.27% increase over the last day. Bitcoin, Ethereum and other top digital assets experienced moderate rally despite global economic uncertainties, and trade war.

The total crypto market volume over the last 24 hours reached $77.43 billion, which makes a 5.23% decrease. Data showed that total volume in DeFi printed at $5.46 billion, accounting for 7.06% of the total crypto market 24-hour volume.

However, volume of all stable coins transacted inched to $73.12 billion, which is 94.44% of the total crypto market 24-hour volume.

Most major digital assets were up late Tuesday, with Bitcoin (BTC-USD) breaching the $85,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 2.19% in the past 24 hours.

The Nasdaq 100 rose 0.9%, the S&P 500 added 0.4%, and the Dow Jones Industrial Average was down fractionally. Bitcoin rose 3.0% to $85,096, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume dropped 2.8% to $28.12 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, also increased 4.4% to $1,908. XRP (XRP-USD) rose 1.9%, BNB (BNB-USD) rose 0.3%, and Solana (SOL-USD) was up 1%.

Dogecoin (DOGE-USD) increased 3.5%, and Cardano (ADA-USD) added 3.2%. The US 10-year Treasury yield stood at 4.156%, down from 4.244% Monday, while the five-year yield fell to 3.906% from 3.981%. #Cryptos Market Cap Rises to $2.75T as Bitcoin Tops $85K