Crypto Price Today: Bitcoin jumps over $36,700, market cap crosses $700 billion
Dogecoin, Chainlink, Polygon, Polkadot and Shiba Inu were also trading over 4% higher.
Meanwhile, during this rally, the global cryptocurrency market cap increased 3.26% to around $1.37 trillion in the last 24 hours.
«Bitcoin is trading above the $36,000 threshold as market participants await word on the Bitcoin Spot ETF applications from the US Securities and Exchange Commission (SEC). The SEC now has an eight-day period starting today, where all 12 spot bitcoin (BTC) ETF applications could be approved. Otherwise, market participants will have to wait till early 2024 for updates from the SEC,» said Edul Patel, CEO of Mudrex.
Market sentiment is presently bullish as investors await more information. Notably, Bitcoin’s price has grown by over 115% from the beginning of the year, Edul said.
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View Details»«BTC is maintaining an upward trend, consistently achieving new highs. It successfully crossed the local resistance at Rs 30,76,000 ($36,000) and is currently holding strong slightly above Rs 31,18,500 ($36,500). The next significant hurdle lies between $39,500 and $40,000, and if BTC remains above $36,000, it could make its way to these levels,» said CoinDCX Research Team.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $717 billion. Bitcoin's dominance is currently 52.09%, according to CoinMarketCap. BTC volume in the last 24 hours surged 23.4% to $22.94 billion.
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