Cryptocurrency market rises
Istanbul, November 5 (Hibya) - The cryptocurrency market moved higher as risk appetite recovered following the US midterm elections. Bitcoin gained 3.56 percent to reach $80,219, while Ethereum rose 5.90 percent to $2,422.
Bitcoin, the largest cryptocurrency by market capitalization, gained 3.56 percent over the past 24 hours to trade at $80,219.5. Bitcoin's market capitalization stood at $1.61 trillion, while its 24-hour trading volume reached $39.28 billion.
Ethereum rose 5.90 percent to $2,422.50. Its market capitalization reached $296 billion, while its 24-hour trading volume was recorded at $16.68 billion.
Among other major cryptocurrencies, BNB gained 2.91 percent to reach $716.59, while XRP rose 2.37 percent to $1.30. Solana also advanced 2.90 percent to reach the $95 level.
The total market capitalization of the global cryptocurrency market stood at $2.68 trillion, with Bitcoin's market dominance at 60.1 percent and Ethereum's dominance at 11 percent. The recovery in risk appetite following the US midterm elections supported buying activity in crypto assets.
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