Bitcoin, ethereum, dogecoin and other cryptos are on the rise

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Cryptocurrency prices surged today with Bitcoin trading at $ 48,089.82, an increase of 2.6% in the past 24 hours. Ethereum edged up to $ 3,838.45, an increase of 1.3% in the past 24 hours.

Dogecoin rose 15.5% to $ 0.181994 in the past 24 hours, after Tesla Inc chief Elon Musk on Tuesday said the electric car maker would accept Dogecoin as a payment method for goods on a test base, raising the memes-based cryptocurrency by more than 20%. Dogecoin, popular among retail investors, climbed to $ 0.20 after the tweet.

Shiba Inu saw a marginal increase to $ 0.00003353, an increase of 0.9% in the past 24 hours.

The global cryptocurrency market capitalization today is $ 2.3 trillion, which represents an increase of 2.5% over the past 24 hours and the total volume of cryptocurrency transactions over the past 24 hours. the latest day is $ 118 billion, according to popular data provider CoinGecko. While Bitcoin’s dominance is 39.6%, Ethereum’s dominance is 19.8%, CoinGecko reported.

Meanwhile, just a day ago, the prices of the cryptocurrencies listed on Coinbase Global Inc. and CoinMarketCap.com briefly went haywire, with many tokens showing astronomical gains that made users squirt huge amounts of money. deals and others wonder what happened.

The issue has been resolved, CoinMarketCap.com said in a statement. Coinbase, the largest crypto exchange in the United States, said the same on Twitter, noting that trade had not been affected. Minutes later, Coinbase said it was still investigating asset pricing and trading difficulties in Coinbase Wallet, which allows customers to manage their crypto assets. Neither company has provided an explanation for what went wrong.

Technical issues have long plagued the cryptocurrency world, with many exchanges often struggling to process transactions during times of high trading activity. The feature of anonymity that has been a selling point since the development of cryptocurrencies has also made it difficult to resolve hacks and thefts.

“We have yet to find any evidence to suggest that today’s issue was caused by an external party,” CoinMarketCap.com said in a statement, as many on Twitter speculated that the site was hacked.

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