The ongoing geopolitical tension between Iran and America has created an environment of uncertainty in the financial markets around the world. Trump's ceasefire announcement has also not completely reassured investors. Both the stock market and gold are facing heavy pressure at this time. But, amidst this gloom of the market, there is a corner where investors are getting showered with money and that is the cryptocurrency market. While on one hand the red mark is dominating the equity market every day, on the other hand all the big digital currencies including Bitcoin are making new records with the green mark.
If we look at the latest data of the stock market, the situation looks quite worrying. In the last one week, the domestic equity benchmark index Nifty has gained barely half a percent. The condition of Sensex is also similar, where only 10 out of 30 stocks are trading in profit. There is a maximum rise of 4% in these selected stocks, while the falling stocks have caused a huge loss of up to 11% to the investors. On the contrary, the world's top 10 cryptocurrencies in terms of market cap have seen a spectacular rise of up to 6% in the last one week.
It is not possible to talk about the crypto market and not mention Bitcoin. Amidst the current global instability, this world's largest digital coin by market cap is further strengthening its reign. According to the data till 10:37 am, the price of Bitcoin has reached a huge level of $ 78,000 (about ₹ 73.18 lakh). If we talk about the entire global crypto market cap, then it has increased by 2.17% in the last 24 hours and this figure has now crossed $2.61 lakh crore (approximately ₹244.92 lakh crore).
If we look at the top 10 cryptocurrencies of the world, we see a long list of profit earners. If we look at the performance of the last 7 days, only one crypto out of the top-10 has declined. Even in 24-hour trading, only two of these top-10 are in the red. Among these, there is a negligible (0.03%) decline in stablecoin Tether, while Hyperliquid has fallen by less than 1%. In contrast, XRP has given the highest return of 7.34% in the last one week. Solana (Solana) and Dogecoin (DogeCoin) are making investors rich with a weekly gain of about 6% and 5.24%. Coins like Tron and BNB are also continuously maintaining their strength.
This rise in the market is not limited only to prices, but is also clearly visible in the volume of transactions. According to the latest data from CoinMarketCap, in the last 24 hours a huge trade of $ 14.5 thousand crore (about ₹ 13.56 lakh crore) has taken place in the crypto market. This is 1.24% more than the previous day. The share of Bitcoin alone in the entire crypto market has increased to 59.72%.
