Cryptocurrency markets experienced a buoyant rally, with Bitcoin breaching the $52,000 threshold, a peak not witnessed since December 2021. Concurrently, Ethereum marked a significant milestone by touching the $2,800 mark for the first time in two years. Other prominent altcoins, including XRP, Solana, and Cardano, also noted considerable appreciation in their values.
Bitcoin Maintains Upward Trajectory
Bitcoin’s upward momentum sustained as it crossed $52,000, with its price reaching $52,169.84 after a 5.94% climb. The trade volume for Bitcoin soared by 27.55% in a 24-hour span, totaling $43.23 billion, while it saw its market capitalization eclipse $1.02 trillion.
Ethereum and Other Altcoins Gain Momentum
Ethereum’s ascent continued with a 6.22% rise, pushing its price to $2,791.67 and its market value to over $335 billion. The digital currency’s trade volume also spiked by nearly 44%, reaching $23.8 billion. Solana’s price edged past $110, achieving a 4.42% increase and a trading volume boost of 11.44%, indicating heightened investor activity.
Binance Coin, the native token of the Binance exchange, saw its price jump by 4.61% to $340.81, accompanied by a significant 25.30% hike in trading volume, surpassing the $1 billion landmark. XRP shrugged off legal concerns to attain a price of $0.5544, reflecting a 5.63% rise, with its trade volume swelling by 46.09%.
Cardano’s price experienced a 6.29% surge, drawing closer to the much-anticipated $1 level, while its trading volume witnessed a substantial 46.98% increase. In the meme coin sector, Dogecoin and Shiba Inu registered price increases of 6.88% and 3.84%, respectively.