Bitcoin News

Cryptocurrency market highlights: Bitcoin is bouncing back, and Ether is up over 7%

On Thursday, cryptocurrency prices continued to rise as the virtual coin market saw a broad-based recovery over the previous three days. According to experts, positive momentum has returned to the market, and prices are expected to climb in the next few days.

At 11:15 a.m., Bitcoin, the world’s largest cryptocurrency, was trading at $48,300. This is a 3% increase over the previous day’s value. Its market capitalization has surpassed $900 billion, with a daily transaction volume of $1.05 billion.

In the last 24 hours, Ether has outperformed Bitcoin, rising more than 7%. Its cryptocurrency market capitalization had surpassed $420 billion and it was trading at almost $3,600. In the previous 24 hours, the trade volume has remained constant at $1.08 billion.

Other altcoins fared better than yesterday, with the majority seeing significant increases. XRP, Cardano, Dogecoin, Chainlink, Uniswap, Polygon, and Litecoin are among the cryptocurrency that has seen significant increases.

“The previous 24 hours were very optimistic for the crypto spectrum, with most of the top 30 cryptocurrencies by market value rallying,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm based crypto trading platform, said of the crypto market. Ether appears to have broken free from the consolidation of recent weeks.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin48,261.422.87%$908.13$1.05 billion
Ether3,628.896.94%$425.45$1.08 billion
Dogecoin0.2456112.03%$32.21$1.00 billion
Litecoin190.075.17%$13.03$104.23 million
XRP1.123.07%$111.72$3.49 billion
Cardano2.474.01%$80.07$406.37 million

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.