On Monday, the cryptocurrency market was trading in the green. Bitcoin (BTC) increased by 2% to trade above $21,000, while Ethereum (ETH) increased by nearly 3% to trade above $1500.
 
BTC volume in the last 24 hours was approximately $21.6 billion, representing a 26.86% increase in the last 24 hours.
 
“Bitcoin has reached a new high of $21,000, as investors believe it has reached its bottom and that inflation has peaked. This is the first time Bitcoin has surpassed $20,000 in over two months. The cryptocurrency has also increased by 26.4% since its low of $16,496 on January 1. Ether, the coin associated with the Ethereum blockchain network, increased by 5.91% “Mudrex CEO and Co-Founder Edul Patel stated.
 
On Thursday, other popular crypto tokens were also trading higher. Shiba Inu increased by 6.3%. Gains were also seen in Polygon, Dogecoin, Cardano, and XRP.
 
“The crypto market cap has surpassed $1 trillion as a result of a 20% increase in Bitcoin and Ether prices in just seven days. This is a strong indication that bulls are returning to the market, with US central banks successfully lowering inflation and preventing the economy from entering a recession. If macroeconomic factors remain favourable, the current market momentum is expected to continue “According to Shivam Thakral, CEO of BuyUcoin.
 
The total volume in DeFi is currently $4.84 billion, accounting for 10.05% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $42.53 billion, accounting for 88.35% of the total 24-hour volume of the crypto market.
 
According to CoinMarketCap, the market cap of Bitcoin, the world’s largest cryptocurrency, was hovering around $407.4 billion, with a dominance of about 40.98%, a 0.05% decrease over the day.
 
  • Bitcoin Price $21,150 2.13%
  • Ethereum Price $1,572 3.02%
  • Tether Price $1 0.02%
  • USD Coin Price $1 0.01%
  • BNB Price $305 2.24%
  • XRP Price $0.4024 3.37%
  • Dogecoin Price 0.08674 2.22%
  • Cardano Price $0.3598 3.89%
  • Polygon Price $1.02 5.57%
  • Polkadot Price $5.98 1.48%
  • Tron Price $0.05653 2.81%
  • Litecoin Price $87.82 0.94%
  • Shiba Inu Price $0.00001078 6.53%
  • Solana Price $23.26 1.58%
 
(Note: Price change in last 24 hours)

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