{"id":171585,"date":"2023-02-27T15:26:15","date_gmt":"2023-02-27T15:26:15","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171585"},"modified":"2023-02-27T15:26:15","modified_gmt":"2023-02-27T15:26:15","slug":"cryptos-rebound-amidst-wider-market-rally","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/cryptos-rebound-amidst-wider-market-rally\/","title":{"rendered":"Cryptos Rebound Amidst Wider Market Rally"},"content":{"rendered":"
Crypto market capitalization rose close to 2 percent in the past 24 hours amidst an almost global rebound in stock markets<\/span> and a decline in the Dollar’s strength. <\/p>\n Data released earlier showed Durable goods orders in the U.S., sink 4.5 percent month-over-month in January versus a downwardly revised 5.1 percent jump in December. The market forecasts had shown a 4 percent decline. The metric, which measures the cost of orders received by manufacturers of goods meant to last at least three years, declined the most since April of 2020.<\/p>\n Equity benchmarks in Europe are trading in positive territory. Wall Street is also trading in the green zone.<\/p>\n The Dollar Index, which measures the strength of the Dollar against a basket of 6 currencies declined 0.4 percent to 104.82.<\/p>\n Overall crypto market capitalization is currently at $1.08 trillion. <\/p>\n Bitcoin gained 2.3 percent overnight to $23,777.28, after trading between a high of $23,795.81 and a low of $23,169.29 in the past 24 hours.<\/p>\n Ethereum’s overnight gains were higher at 3.2 percent and the leading alternate coin is currently trading at $1,658.06. ETH ranged between $1,662.58 and $1,599.91 in the past 24 hours.<\/p>\n 82nd ranked NEM (XEM) rose more than 49 percent in the past 24 hours. 42nd ranked Stacks (STX) also added close to 24 percent overnight. <\/p>\n 39th ranked Quant (QNT) was the biggest laggard with an overnight decline of 3.30 percent.<\/p>\n Meanwhile, the CoinShares’ Digital Asset Fund Flows Weekly report on institutional investments showed an outflow of $1.9 million for the week ended February 24. Bitcoin products recorded outflows of $11.7 million whereas short bitcoin products registered inflows of $9.69 million. <\/p>\n The country-wise analysis shows outflows of $13.7 million in United States. Switzerland recorded inflows of $10.9 million followed by Germany with inflows of $8 million. Cumulative AUM stood at $29.81 billion.<\/p>\n For More Cryptocurrency News, visit rttnews.com <\/p>\n