Bitcoin Price Today: Crypto Price Today: Bitcoin Above $21,000; Crypto Market Cap Nears $1 Trillion

[ad_1]

New Delhi: The cryptocurrency market was trading in the green on Monday. Bitcoin (BTC) gained 2% to trade above $21,000, while Ethereum (ETH) rose nearly 3% to trade above the $1,500 level.

BTC volume in the past 24 hours was around $21.6 billion, a jump of 26.86% in the past 24 hours.

“Bitcoin hit a new high of $21,000 as investors are optimistic that it may have bottomed and inflation may have peaked. This is the first time that Bitcoin surpassed $20,000 in more than two months.The cryptocurrency also saw a 26.4% increase from its low of $16,496 on Jan. 1. Ether, the coin associated with the Ethereum blockchain network, also saw an increase of 5.91%,” said Edul Patel, CEO and co-founder of Mudrex.

Other top crypto tokens were also trading higher on Thursday. Shiba Inu increased by 6.3%. Polygon, Dogecoin, Cardano and XRP were also trading with gains.

“The crypto market capitalization has crossed the $1 trillion mark, thanks to a rise of more than 20% in the prices of Bitcoin and Ether in just seven days. This is a strong sign that the bulls return to the market as US central banks succeeded in lowering inflation and preventing the economy from slipping into recession. The current market momentum is likely to continue if macro factors remain supportive,” Shivam Thakral said. , CEO of BuyUcoin.

The global cryptocurrency market capitalization traded at around $993.26 billion, up 1.99% in the past 24 hours.

Total DeFi volume is currently $4.84 billion, or 10.05% of the total 24-hour crypto market volume. The volume of all stablecoins is now $42.53 billion, or 88.35% of the total 24-hour crypto market volume. down 0.05% on the day, according to CoinMarketCap.

Crypto Cart: Fast

(Source: coinmarketcap.com, data as of 10:25 a.m., IST as of January 16, 2023)

Bitcoin $21,150 2.13% Ethereum $1,572 3.02% Tether 1 0.02% USD 1 0.01% BNB $305 2.24% Inu 0.00001078 $6.53% Solana $23.26 1 .58%(Note: price change in the last 24 hours)

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

[ad_2]