The cryptocurrency market made a stellar comeback on Monday, with Bitcoin thundering previous $47,000 for the primary time in nearly 2 years as anticipation grew concerning the potential approval of a spot Bitcoin exchange-traded fund (ETF) within the US.
The OG cryptocurrency Bitcoin rose sharply from $43,280 in early morning commerce in Asia to $47,193 — the best degree since April 2022 — in the course of the US session, earlier than paring some beneficial properties.
With institutional curiosity in Bitcoin on the rise, Bitcoin’s (BTC) price went up practically 8% over the past 24 hours to $46,931. The market cap of Bitcoin rose to $919.5 billion whereas buying and selling volumes jumped a whopping 103% to $43.2 billion over the past 24 hours.
Ethereum — the third largest crypto — adopted an analogous upward pattern, gaining practically 5.5% over the past 24 hours to $2,311. As of writing, Ether commanded a market cap of $277.9 billion whereas buying and selling volumes stood at $13.2 billion, up 68% over the past 24 hours.
While Tether (USDT) costs largely remained flat, BNB worth climbed 1.8% and XRP price rose over 2.3% previously 24 hours. The remaining high 10 cryptocurrencies by market cap additionally rose sharply. Solana (SOL) rallied practically 16% over the past 24 hours, Cardano (ADA) was up 11% whereas Avalanche (AVAX) surged over 14%.
Popular meme coins — Dogecoin and Shiba Inu — additionally noticed their costs rising over the past 24 hours by 5.2% and seven.5%, respectively. The world crypto market was buoyed by the optimism, having surged over 7% over the past 24 hours to $1.72 trillion The concern and greed index degree stood at 74, indicating investor sentiment was optimistic.
Top 3 Cryptos For Today
Pepe Price Rallies 11%
The worth of Pepe Coin climbed 11% over the past 24 hours to $0.000001184, with its market cap standing at $498.3 million. Its buying and selling quantity over the past 24 hours went up over 1.5% to $86 million.
- Pepe Price Chart
SEI Price Jumps Over 17%
The Sei Network’s namesake token has seen a greater than 17% improve within the final 24 hours. At press time, SEI’s worth stood at $0.7224, with its market cap standing at $1.6 billion. The 24-hour buying and selling volumes stood at $731.5 million, up greater than 13% within the final 24 hours.
Lido DAO Gains 8%
The Lido DAO (LDO) token has been on a roll. In the previous 24 hours, the LDO Price rose over 8% to $3.13, and the token was sitting at a market cap of $2.8 billion. However, buying and selling volumes over the past 24 hours dropped over 4% to $169.2 million. Note that the token has appreciated over 26% previously 30 days.
Also Read: Breaking: Bitcoin ETF Filers Unswayed By US SEC Comments On S-1s, Approval Ahead?
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