The entire virtual coin market gained some impetus following a period of stabilisation, and prominent cryptocurrencies rebounded.
Bitcoin
After losing momentum the day before, Bitcoin, the world’s most popular cryptocurrency, gained slightly. Bitcoin was trading at $38,129.53 at 3:30 p.m., up almost 0.6%. The market capitalisation of Bitcoin has also increased to $716.79 billion.
Ether and Others
Ether surged by more than 5% and was trading above $2,600. The market capitalisation of bitcoin has surpassed $300 billion. All other cryptocurrencies, including XRP, Cardano, Dogecoin, Stellar, Chainlink, Uniswap, Polkadot, Polygon, and Litecoin, were trading in the green.
After stabilisation, the upward momentum shown over the last 24 hours suggests that virtual coins will extend their gains. The lack of any promising developments, however, has delayed the process.
Mudrex CEO’s Comments
Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, commented:
“The bullish momentum we observed throughout the cryptocurrency market over the last 24 hours shows that the bulls were waiting for a breather. This tremendous rebound was made possible by the consolidation that had taken over the markets over the previous few days. Both Bitcoin and Ether appear to be in good shape, and market players are ecstatic. Technical indicators indicate higher volatility, but as long as the bulls are active, that’s a good sign.”
Overview
| Cryptocurrency | Price (US Dollar) | 24-hour change | Market cap (Billion) | Volume (24 Hours) |
| Bitcoin | 38,132.02 | 1.08% | $715.98 | $27.12 billion |
| Ether | 2,607.36 | 5.33% | $304.50 | $30.05 billion |
| Dogecoin | 0.196034 | 0.39% | $25.60 | $964.21 million |
| Litecoin | 138.09 | 0.88% | $9.42 | $1.53 billion |
| XRP | 0.711522 | 1.88% | $71.15 | $2.69 billion |
| Cardano | 1.36 | 2.15% | $43.72 | $1.69 billion |
