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Bitcoin above $52,000; BNB, Polygon jump over 6%

Continuing their winning rally, major crypto tokens were trading higher in today's trade as the possibility of a rate cut in June rose again after a big drop in US retail sales. Overnight, data showed that US retail sales fell by 0.8% in January, the sharpest drop in 10 months. At 11:34 a.m., Bitcoin was trading 0.22% higher at $52,074, while Ethereum was up 2.5% at $2,842. Meanwhile, the global cryptocurrency market cap surged 1% to around $1.96 trillion in the last 24 hours. Other altcoins such as BNB, XRP, Cardano, and Polygon surged 4-7%. The total volume in DeFi is currently $7.29 billion, 8.29% of the total crypto market 24-hour volume.

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