Crypto Price Today: Bitcoin crosses $38,000; Solana, Dogecoin rise up to 7%
Meanwhile, the global cryptocurrency market cap surged 2.2% to around $1.43 trillion in the last 24 hours.
At 11.56 a.m., BTC was trading 2.85% higher at $38,031, while the second most popular token, Ethereum, was up 2.4% at $2,051. Solana also surged over 7% to $58.32.
Positive sentiments prevailed in the market as Bitcoin breached the $37,800 threshold. This price movement could reflect that market participants have now absorbed the news about the recent leadership change at Binance, restoring bullish confidence in their investments, said Edul Patel, CEO of Mudrex.
Did you Know?
As a beginner to cryptocurrency investing, you should consider two critical things. First, you should determine and understand your risk tolerance, as cryptocurrencies can be volatile. Only invest what you can afford to lose. Secondly, don’t put all your funds in one cryptocurrency; diversify to mitigate risks. Deciding where to invest your hard-earned money can be difficult.
View Details»Other popular altcoins, such as Dogecoin, Chainlink, and Avalanche, surged 4-5%. Also, BNB, XRP, Cardano, Tron, Polygon, Litecoin, and Shiba Inu rose 2-3%.
The total volume in DeFi is currently $4.74 billion, 9.19% of the total crypto market 24-hour volume. The volume of all stablecoins is now $46.95 billion, which is 90.96% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $743 billion. Bitcoin's dominance is currently 51.99%, according to CoinMarketCap. BTC volume in the last 24 hours surged 18.3% to $22.4 billion.
Bitcoin, in the last 24 hours, has showcased a bullish momentum again and went on to surpass the $38k psychological resistance. While the path to $41k may
