Cryptocurrency markets experienced mixed performance during yesterday’s trading session, as investors closely watched developments surrounding the anticipated launch of bilateral trade talks between the United States and China.
Bitcoin, the dominant digital asset, edged up by 0.2% to reach $106,542.60, maintaining its leadership by representing approximately 63.8% of the total cryptocurrency market value. In contrast, Ethereum, the second-largest cryptocurrency by market capitalization, declined by 1.1% to $2,506.72. Ripple also posted a loss, falling 1.25% to $2.2533, reports Al-Jarida daily.
According to CoinMarketCap, the global cryptocurrency market capitalization currently stands at $3.3 trillion, with total trading volume over the past 24 hours reaching $89.13 billion.
In a forward-looking outlook, Bernstein Research projects that institutional demand for Bitcoin could climb to $330 billion by 2029. Within that estimate, Strategy& is expected to capture as much as $124 billion of the institutional inflow.
