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Bitcoin’s price has risen to $51,500, while Ethereum’s price has increased by 24 percent in only seven days

Image by Miloslav Hamřík from Pixabay

Over the previous seven days, Bitcoin and Etherrum have increased by 7.88 percent and 24.08 percent over the previous seven days, respectively. Bitcoin, which has a market capitalization of nearly $971 billion, has gained 3.40 percent in the last 24 hours. While Ethereum has a market capitalization of nearly $463 billion, it is increasing, rising 1.74 percent in the last 24 hours to take second place. The higher surge rates and upgrades to blockchain networks have restored investor confidence in cryptocurrencies.

After a dramatic drop in May 2021, the price of bitcoin has risen to almost $50,000 in only three months. While the price of one Bitcoin (BTC) is now hanging at $51,600 (at the time of writing), Bitcoin reached its all-time high in April 2021, when it surpassed the $60,000 mark. According to WalletInvestor.com, the price of Bitcoin may reach $80,248.90 by the end of the year and $1,94,134 in five years. Keep in mind that the long-term pricing of a digital coin is exceedingly impossible to anticipate, and the cryptocurrency market is quite unpredictable.

The rise in Bitcoin prices can be attributed to some causes. Every day, the digital currency’s buzz in all kinds of media reaches potential investors. Second, the price increase motivates many investors to keep their coins in the hopes of profiting handsomely at the top of rallies. Furthermore, cryptocurrency is becoming more popular as a payment option, with PayPal being the most recent example, which will allow users to purchase, sell, and accept Bitcoin as a form of payment. Bitcoin is the most popular cryptocurrency today, with a 24-hour trading volume of nearly $30 billion.

 Price 24-hour changeMarket Cap
1. Bitcoin$51,667.13+ 3.40%> $971 billion
2. Ethereum$3,994.80+ 1.74%> $463 billion
3. Cardano$2.90+ 0.55%> $92 billion
4. Binance Coin$502.44+ 1.66%> $84 billion
5. Tether$1.00– 0.01%> $66 billion
6. XRP$1.32+ 5.02%> $61 billion
7. Solana $145.48+ 4.20%> $42 billion
8. Dogecoin$0.3104+ 3.42%> $40 billion
9. Polkadot$34.24+ 6.34%> $33 billion
10. USD Coin$0.9997– 0.05%> $27 billion

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.