Prices of popular cryptocurrencies such as bitcoin and Ethereum experienced a strong rally over the weekend and continued their positive momentum on Monday.
Bitcoin, the world most popular cryptocurrency, was trading at $45,700, up over 2.48 % at 8.15 am EDT. Bitcoin’s dominance is currently 46.56%, an increase of 0.53% over the day.
Ether too rose over the weekend and was trading over $3,103 at the same time. Ether’s market capitalisation has surged to $365 billion. Ethereum has been experiencing a strong rally since last week, with gains of as much as 30 per cent following its major software upgrade.
Other popular altcoins rebounded over the weekend, including Dogecoin, XRP, Cardano, Litecoin and Polkadot.
“There is a slow consolidation that is now taking over the markets. However, the momentum is positive, and we might witness a greater rally across the altcoins. The coming 24 hours could likely be a profit booking session,” says Edul Patel, CEO and Co-founder, Mudrex.