Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin News

Today’s cryptocurrency prices: Bitcoin and Ether are rising as virtual currencies gain traction

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

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin38,132.021.08%$715.98$27.12 billion
Ether2,607.365.33%$304.50$30.05 billion
Dogecoin0.1960340.39%$25.60$964.21 million
Litecoin138.090.88%$9.42$1.53 billion
XRP0.7115221.88%$71.15$2.69 billion
Cardano1.362.15%$43.72$1.69 billion
Market Prices

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.