Bitcoin, Ethereum Rise, other tokens follow suit

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SUMMARY

Cryptocurrencies rose on Monday. The global crypto market capitalization stood at $1.07 trillion, with volume nearing $34.77 billion in the last 24 hours.

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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, traded down 2% to $23,579.8. Its market value stood at $454.5 billion. The volume of trade amounted to almost 17 billion dollars.

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“Bitcoin rebounded nearly 2% after dropping to a weekly low, sparked by investors analyzing employment data released last week. barriers at the $25,000 and $30,000 levels, with current support residing at the $23,300 level,” said Edul Patel of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, jumped 3.2% to $1,643.6 with a market capitalization of $200.7 billion. Ethereum’s trading volume was $5.8 billion in the past 24 hours.

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Patel added: “The trading price of Ethereum hovered around US$1,600. Overall, the market showed signs of a slight recovery over the weekend, with many cryptocurrencies registering a decent increase in their value.”

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Dogecoin | Meme-based virtual currency Dogecoin rose 1.5% on Monday. His market value stood at $10.9 billion. The trading volume was $217.3 million.

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Shiba Inus | Shiba Inu jumped 3.6% with a market capitalization of $7 billion. The trading volume was $209.1 million in the past 24 hours.

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solana | Solana jumped 3.4% to $23.2 with a market capitalization of $8.8 billion. Solana’s trading volume was $377.6 million in the past 24 hours.

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Polygon | Polygon grew nearly 3% with a market capitalization of $11.2 billion. The trading volume was $424.9 million in the past 24 hours.

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