The latest data from Coindesk reveals that Bitcoin is currently trading at $34,714.75 per BTC, marking a 0.82% increase in the past 24 hours. The cryptocurrency with the largest market capitalization has seen a significant drop, now standing at $26.82 billion, down 30.46% compared to November 3rd. Bitcoin's market capitalization stands at an impressive $687.71 billion, representing 51.65% of the total cryptocurrency market capitalization.
As of 12:50 PM, the total market capitalization is recorded at $1,342.19 billion, showing an increase of approximately $14 billion in the past 24 hours. However, the 24-hour trading volume in the market has decreased by 8.03% compared to November 3rd, reaching $32.47 billion.
It's worth noting that several other cryptocurrencies have also shown positive trends in the last 24 hours. For instance, Ethereum (ETH) has surged by 1.87%, currently trading at $1,827.85 per ETH. Popular cryptocurrencies like Dogecoin (DOGE) and Ripple (XRP) have also demonstrated signs of recovery.