Bitcoin News

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 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

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.