Crypto Price Today: Bitcoin crosses $43,000 mark; Dogecoin, Avalanche jump up to 12%
cryptocurrency, jumped over 4.2% to $43,671 in Wednesday's trade. Experts say this upward price shift is likely a response to heightened interest from institutional investors and an overall optimistic market sentiment regarding developments in 2024.
Meanwhile, Ethereum, the second largest cryptocurrency, surged 1.6% to $2,270 amid a broader rally in the crypto markets. The global cryptocurrency market cap also increased 2.65% to around $1.59 trillion in the last 24 hours.
«BTC has sustained its upward momentum for the fifth consecutive day. This surge is primarily fueled by speculation surrounding the approval of a Bitcoin spot ETF, with investors and traders anticipating approval in 2024,» said the CoinDCX Research Team.
Additionally, favorable macroeconomic conditions and increasing inflows contribute to the overall rise in market capitalization, it said.
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»In the last 24 hours, other popular altcoins, such as Dogecoin and Avalanche, surged 8.6% and 12%, respectively. Also, Solana, Cardano, Polkadot, Polygon, and Shiba Inu rose 1-5%. On the flip side, BNB, XRP, Tron, Chainlink, Toncoin, and Litecoin declined.
The total volume in DeFi is currently $8.81 billion, 10.45% of the total crypto market 24-hour volume. The volume of all stablecoins is now $74.84 billion, which is 88.68% of the total crypto market 24-hour
