In a recent turn of events, Bitcoin and Ethereum, two leading cryptocurrencies, have soared to new heights. With Bitcoin breaking past the $72,000 mark, it has set a fresh all-time high, leaving its previous records in the dust. Concurrently, Ethereum has also scaled new peaks, reaching values not observed since 2021. The resurgence of well-known meme cryptocurrencies has added to the overall buoyant mood in the digital currency markets.
Crypto Market’s Bullish Trajectory
Bitcoin’s momentum has been unwavering, with its price steadily climbing and surpassing the $70,000 milestone in futures trading for the first time ever. The crypto giant did not stop there, as it went on to eclipse the $72,000 threshold. At the time of reporting, Bitcoin is being traded at around $71,800, following a significant 24-hour increase of 4.72%. The surge in trading activity has seen a 76% boost in Bitcoin’s 24-hour trading volume, which has soared above $64.6 billion.
Altcoin Performance Highlights
The altcoin sector is also basking in the success, with Ethereum leading the charge as the premier altcoin. Ethereum has witnessed a 4.6% growth, with its price going beyond the $4,000 mark. Other altcoins such as Solana have exhibited impressive recovery, with Solana’s price increasing by 10% in the past 24 hours, crossing the $150 level.
Binance Coin, although experiencing a more modest increase of 3.79% compared to its peers, is still contributing positively to the market outlook with a current price of $541. Meanwhile, popular meme coins like Dogecoin and Shiba Inu have also seen their values climb by 3.86% and 2.40% respectively.
Spotlight on XRP’s Remarkable Gain
XRP has emerged as the dark horse in the last day, with its price vaulting over the $0.70 mark, marking a compelling 16.5% rise. Although it has slightly receded, the current trade price hovers just below the $0.70. Alongside this price elevation, XRP’s market capitalization and trading volume have expanded substantially, indicating a renewed investor interest in this particular cryptocurrency.