Crypto Price Today: Bitcoin rises above $26,200; Solana, Litecoin jump up to 5%
Bitcoin (BTC) rose 1.38% to $26,260, whereas Ethereum (ETH) was above the 1,600 level. The global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 1.38% in the last 24 hours.
«Bitcoin and Ethereum are holding steady, with Bitcoin maintaining its position above $26,000 and Ethereum above $1,600. Bitcoin's rapid recovery above the critical $26,000 mark following the CPI report, along with Ethereum's stability, has boosted confidence among traders and analysts who regard these levels as pivotal, said CoinDCX Research Team.
Other top crypto tokens were also trading higher on Thursday. XRP, Solana, Polygon, Litecoin, and Shiba Inu gained up to 5%.
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View Details»The total volume in DeFi is currently $1.96 billion, 6.7% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.36 billion, which is 93.38% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $511 billion. Bitcoin's dominance is currently 49.05%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $14.09 billion, falling 11.4% in the last 24 hours.
»The supply of Bitcoin available on exchanges remains lower than the monthly peak observed on September 4th, with exchanges offloading more than 40,000 Bitcoins since that high point. While Bitcoin is displaying some positive short-term momentum following the CPI report and
