Bitcoin Surges to Three-Year High, Altcoins Rally - Latest cryptocurrency news

Bitcoin Surges to Three-Year High, Altcoins Rally

Bitcoin (BTC) has achieved a significant milestone by reaching a price of $50,358, a peak that has eluded the cryptocurrency for the past three years. Despite a minor pullback, the digital currency has managed to sustain its value above the $49,000 threshold. In tandem with Bitcoin’s achievement, other high-volume cryptocurrencies, such as Ethereum, XRP, and Solana (SOL), have also experienced gains, with Ethereum surpassing the $2,600 mark.

Bitcoin’s Resilience in the Market

Although Bitcoin’s price has slightly decreased from its recent high, it remains robust, trading above $49,000. The latest data shows a notable 75.24% surge in trading volume within the last day, pushing the figure to $34.16 billion. This rise has helped elevate Bitcoin’s market capitalization to a near $1 trillion valuation.

Technology & Populer Science News: Newslinker.co

Ethereum and Altcoins Gain Momentum

Ethereum’s price has ascended by 6.12%, with the digital asset trading at $2,649.41, augmenting its market value to $318.41 billion. The cryptocurrency’s trading activity has equally been impressive, experiencing a 101.47% hike in volume. Meanwhile, Solana has recorded an increase of 7.91%, reaching a price of $114.16, with a trading volume jump of 83.54%, amounting to $2.80 billion in the last 24 hours.

XRP’s price action has displayed a modest gain of 1.65%, bringing its value to $0.5287, with a notable 35.20% rise in 24-hour trading volume to $1.01 billion, keeping it above the crucial $0.5 support level. Meme coins have also seen activity, with Dogecoin and Shiba Inu experiencing value increases of 2.11% and 2.72%, respectively.

In the altcoin space, ORDI stands out with a 14% surge over the past day, trading above $70 and seeing its market capitalization exceed $1.3 billion. The gaming token Beam has delighted its investors with a 13% rise on Tuesday, pushing its price to $0.02982 and its trading volume growing by 41.96%, reaching over $119.13 million.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
You can follow our news on Telegram, Twitter ( X ) and Coinmarketcap