Bitcoin Stalls at $72K: Will Solana’s Network Boom Shake Up the Market
[뉴욕=박재형 특파원] On the 31st (local time), the cryptocurrency market started with Bitcoin moving sideways above $72,000 and overall fluctuations decreasing.
Five of the top 10 stocks rose, and the prices of 59 of the top 100 rose.
According to CoinMarketCap, the price of Bitcoin was $72,157.74 as of 8:10 a.m. New York time, up 0.33% from 24 hours ago.
Ethereum fell 0.91%, BNB 1.48%, Solana 0.11%, and XRP 0.32%.
Dogecoin prices rose 1.06%, Tron 1.48%, and Cardano 2.19%.
At this time, the market capitalization of the cryptocurrency market was $2.42 trillion, with Bitcoin accounting for 59.0%.
Source: CoinMarketCapThe Bitcoin futures price on the Chicago Mercantile Exchange (CME) for the most actively traded November contract rose by $480 to $73,015, and for the December contract rose by $480 to $73,540.
Ethereum futures prices were traded at $2661.50, down $17.00 for November contracts, and $2681.00, down $19.00 for December contracts.
As the price of Bitcoin (BTC) soared, the network hash rate reached an all-time high. Hash rate is the computing power required to create a block and shows the difficulty of mining. Generally, as hash rate increases, supply decreases. If supply falls, prices are likely to rise.
Solana processed more than 14.18 million transactions in 24 hours, significantly surpassing Ethereum’s 268,000 transactions. Additionally, the total locked value of Solana’s decentralized exchange (TVL) was $75.73 billion, dwarfing Ethereum’s $5.58 billion.
Solana recorded a trading volume of $4.12 billion in 24 hours, more than three times higher than Ethereum’s trading volume of $1.48 billion. This indicates that the Solana network is being used more actively and is continuing to grow strongly through high liquidity and active transactions.
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