Bitcoin Surpasses $45,000 Following A Robust Climb, While Ether Recovers

Over the weekend, the cryptocurrency market saw a broad-based surge, resulting in a significant increase in the value of prominent virtual coins. At 5:10 p.m., Bitcoin, the world’s most popular cryptocurrency, was trading at $45,000, up 2.10%. Bitcoin had touched a new three-month high of $45,900 earlier in the day. The market capitalisation of cryptocurrencies

Over the weekend, the cryptocurrency market saw a broad-based surge, resulting in a significant increase in the value of prominent virtual coins.

At 5:10 p.m., Bitcoin, the world’s most popular cryptocurrency, was trading at $45,000, up 2.10%. Bitcoin had touched a new three-month high of $45,900 earlier in the day. The market capitalisation of cryptocurrencies has also risen substantially to $856 billion.

Ether, a smaller competitor, surged dramatically over the weekend and traded at over $3,100 on Monday. The market capitalisation of Ether has increased to $365 billion.

XRP, Cardano, Dogecoin, Litecoin, and Polkadot, among other prominent cryptocurrencies, recovered over the weekend.

While primary virtual currency had dramatic price drops over the weekend, there is a potential that the market may consolidate over the next few days.

“We saw a wonderful weekend when the crypto markets climbed steadily,” Edul Patel, CEO and Co-founder, Mudrex- A Global Algorithm Based Crypto Trading Platform, remarked of the excellent weekend performance.

“The markets are currently undergoing a gradual consolidation. On the other hand, the momentum is good, and we may see a more substantial surge across the altcoins”. He went on to say that the next 24 hours might be a lucrative booking period.

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

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