Bitcoin, Ethereum, and many other cryptocurrencies have been rising this week as Bitcoin sets a new all-time high. In the past hour, the price of BTC has increased by 4% and is currently standing at a new all-time high at $ 34,723. The second largest cryptocurrency Ethereum has also seen significant growth today, rising almost 3% over the past 24 hours. This week has also been fruitful for altcoins: IN the last 24 hours, the total market capitalization of all cryptocurrencies has risen by 4%, from $ 983 billion to $ 1 trillion.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL) & Polygon (MATIC) Jumped Up To 4%
Bitcoin and Ethereum have been rising this week as Bitcoin set a new all-time high. Bitcoin has outperformed the rest of the cryptocurrency market, with an increase in the price of 4% over 24 hours to trade at $8 835 per coin. As well as Bitcoin, Ethereum also experienced significant growth this week, rising by 3.4% over the same period to reach $283 per token.
The total market capitalization of all cryptocurrencies rose by 3%, from $177 billion to just under $182 billion. In the past hour, the price of BTC has increased by 4%. This marks an increase of 2.6% in just five minutes and an overall gain of 9% over the last 24 hours.
The rest of the top 10 cryptocurrencies are also up since our last update: Ethereum (ETH) rose 3%, XRP jumped 5%, Litecoin (LTC) rose 4% and Bitcoin Cash (BCH) gained 3%.
Ethereum, the second largest cryptocurrency in terms of market capitalization, has also seen significant growth today. The price of Ethereum has risen almost 3% over the past 24 hours and is currently at $ 134, up from $ 132 a day ago.
The sharp rise in Ethereum comes as many are still waiting for Bitcoin’s “next bull run” after an abrupt fall from nearly $ 20 000 to around $ 5 000 over about three months.
This week has been fruitful for altcoins.
This week has been fruitful for altcoins, as Bitcoin’s dominance over the crypto market has dropped to a new low. On Tuesday morning, Bitcoin’s price rose by 4% to around $4,300. Ethereum also saw an increase of nearly 5%, while other major cryptocurrencies such as Solana and Polygon jumped to 4%. In total, all cryptocurrencies recorded a 1% gain in value this week. The total market capitalization of all cryptocurrencies reached about $130 billion on Wednesday morning.
While it does appear that Bitcoin has stopped its downward spiral, for now, breaking through its previous support levels without coming close to breaking down might be a sign of weakness in the long-term trend towards further losses in value. At least according to some experts who claim that Bitcoin needs some time before recovering completely from its bearish trend, which began last year when BTC prices fell below $5k per coin after reaching an all-time high above $20k back then.
As you can see from the chart above, in the last 24 hours, the total market capitalization of all cryptocurrencies has risen by 4%, from $ 983 billion to $ 1 trillion. This means that for now, at least, the bearish trend seems to be ending, and we are entering a new bullish cycle.
However, you should not forget that these gains come from an extremely negative month for cryptocurrency markets earlier this year, when they lost over 70% of their value between January and early March 2019.
The price of Bitcoin is currently at $ 34,723, with a market capitalization of $ 60 billion. Bitcoin trading software is a computer program that allows users to buy and sell bitcoins. The software provides an online platform for traders to buy and sell bitcoins, as well as other digital currencies.
Ethereum is trading at $ 651 per coin with a market cap of almost $ 21 billion. Solana has seen significant growth over the last week and is currently priced at $ 0.13 per token with a total supply of 60 million coins in circulation. Polygon’s price has increased by 4% today, and one can buy one currency for as little as $ 0.01 or three-hundredths of one percent 0.03%.