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More than $120 billion pours into the cryptocurrency market in a day, and Bitcoin returns $51,000

More than $120 billion pours into the cryptocurrency market in a day, and Bitcoin returns $51,000

With Christmas just around the corner, the cryptocurrency market experienced an influx of more than $120 billion in just 24 hours on Friday, December 24, Finbold reported.

In 24 hours, the cryptocurrency market capitalization rose from $2.26 trillion to the current $2.38 trillion, a gain of more than $121 billion. On Friday, December 24, the price of BTC surpassed the $51,000 mark as the digital asset surpassed that mark for the first time in nearly three weeks. The cryptocurrency has been trading in a $45,000 to $50,000 price range since early December after falling from an all-time high of $69,000 in November. The flagship digital asset is currently trading at $51,156, up 6.12% for the day and 8.89% over the past week. Finally, the total value of the cryptocurrency market is $2.39 trillion, up 5.66% from the previous day. In addition, the entire cryptocurrency market reached $101.48 billion in the previous 24 hours, an increase of 11.47%. DeFi is now $17.42 billion, or 17.17% of the total 24-hour crypto market volume, and all stable currencies –$78.52 billion, or 77.37% of the total 24-hour crypto market volume.

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