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Friday, May 23, 2025

Bitcoin Down, Ethereum Back From All-Time Low; PancakeSwap (CAKE) Most Trending Crypto - Outlook India

Bitcoin (BTC), the world’s largest cryptocurrency was down, while Ethereum (ETH) bounced back from its all-time low on Friday evening. Meanwhile, today’s most searched crypto was PancakeSwap (CAKE), a decentralised finance protocol.
Market Statistics
The global crypto market capitalisation went up by 0.92 per cent to $1.1 trillion as of 4.30 pm. The global crypto volume was up by 2.40 per cent to $65.07 billion, according to Coinmarketcap data.
The trading volume in decentralised finance (DeFi) was about $6.46 billion or 9.93 per cent of the total crypto market over the last 24 hours. The volume of all Stablecoins is $58.96 billion or about 90.60 per cent of the total crypto market volume in the last 24 hours.
Bitcoin: As of 4.30 pm, Bitcoin fell by 0.09 per cent to $23,192.62 and currently commands a 40.37 per cent dominance in the crypto market.
In other news, the UK royal courts have denied the statements of tech expert and businessman, Craig Wright, who had claimed to be Bitcoin...



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