July 24, 2024
Chicago 12, Melborne City, USA
Bitcoin News

Bitcoin reaches $45,000 following a substantial gain, while Ether is on the rise

During the weekend, popular cryptocurrencies gained dramatically, and they maintained that pace on Monday as well. After a robust rise, bitcoin has broken the $45,000 mark. 

As a result of the surge, popular virtual coins saw their prices skyrocket.

Bitcoin

A little after 5:10 pm today, Bitcoin, the world’s most popular cryptocurrency, was trading at $45,000, up 2.10 per cent. Before that, Bitcoin had already surged to a new three-month high of $45,900. The cryptocurrency’s market capitalization has also risen substantially, reaching $856 billion.

Ether

Its smaller competitor Ether, which was trading above $3,100 on Monday, has also risen substantially in price during the past several days. Ether’s market capitalization has soared to $365 billion, according to data compiled by Bloomberg.

Other Alt Coins

In addition to XRP, Cardano and Dogecoin, Litecoin and Polkadot also recovered over the weekend.

Despite the steep drop in popular virtual currency over the weekend, the market might consolidate over the following few days.

Expert’s Comments

“We witnessed a fantastic weekend where the crypto markets rallied steadily,” said Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto trading platform.

“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,” he further added.

Below are the latest prices and trends of prominent cryptocurrencies:

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin45,869.562.59%$862.16$40.99 billion
Ether3,133.680.86%$366.68$36.48 billion
Dogecoin0.2612940.84%$34.14$4.15 billion
Litecoin155.331.00%$10.60$2.12 billion
XRP0.8204422.32%$82.04$4.37 billion
Cardano1.470.82%$47.58$2.23 billion