The cryptocurrency market has witnessed a robust rally over the past 24 hours and most virtual coins are expected to sustain this momentum throughout the day. After the sharp rally, the cryptocurrency market is on the brink of hitting a market capitalization of $3 trillion. However, the entire crypto market volume was almost flat to $97.46 billion.
The world’s largest cryptocurrency, Bitcoin reached a replacement high of $68,564. it had been trading at $67,869.06 or 3.20 per cent above its price 24 hours ago at 1:15 pm.
The market capitalization of Bitcoin is inching closer to $1.3 trillion and therefore the 24-hour traded volume has jumped to $1.63 billion.
Ether also hit a fresh high of $4,825 before a slight dip to $4,797.50. It is trading 1.27 per cent above its value 24 hours ago and therefore the market capitalization has jumped to $563.68 billion. The 24-hour trading volume stood at $1.06 billion, at the time of writing this article.
Ether is up around 59 per cent since the beginning of October and Bitcoin about 51 per cent.
Nascent cryptocurrencies Dogecoin price was up 5% to $0.28 whereas Shiba Inu also gained over 5% to $0.000057.
Other cryptocurrencies like Binance Coin and Solana witnessed profit booking whereas XRP gained 9 per cent, as a result of the rally. Litecoin and Cardano saw a whopping increase of 18.47% and 10.17% respectively over 24 hours.
Check prices of Cryptocurrencies today.
- Bitcoin-$67, 917.50
- Ether-$4, 788.86
- Shiba Inu-$0.000057