Bitcoin Price and Ethereum On The Rise, El Salvador to Issue Bitcoin Volcano Bonds
On November 23, the leading cryptocurrency, Bitcoin, showed signs of new recovery, having broken through the downward trendline and 50-day moving average to trade near $16,500. Similarly, Ethereum, the second-most valuable cryptocurrency, has followed Bitcoin's lead and pumped over 5% to 1,163.
Major cryptocurrencies were trading in the green early on November 23, as the global crypto market cap increased 3% in the previous day to $819.18 billion. In contrast, total crypto market volume fell 5% in the last 24 hours to $62.21 billion.
The total volume in DeFi was $4.61 billion, accounting for 7% of the total 24-hour volume in the crypto market. The total volume of all stablecoins was $59.00 billion, accounting for 94% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
Litecoin (LTC), Curve DAO Token (CRV), and Dash (DASH) are three of the top 100 coins that have gained value in the last 24 hours. The LTC price has soared by more than 29% to $80.50, the CRV price has grown by more than 28% to $0.6465, and the DASH price has increased by nearly 20%.
Three of the top 100 coins that have lost value in the last 24 hours are BinaryX (BNX), Chain (XCN), and TRON (TRX). BNX has dropped more than 10% to $144.09. In the last 24 hours, XCN has dropped more than 1% to $0.0420.
Maria Luisa Hayem Brevé, El Salvador's Minister of the Economy, has introduced a measure to legalize the issuing of digital assets, clearing the way for the sale of the country's first "volcano" bonds, which are backed by bitcoin.
This groundbreaking program, which was first launched exactly one year ago today, is aimed at luring investors and financial resources to El Salvador.
Plans to issue $1 billion
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