Crypto Price Today: Bitcoin rises above $37,300; Solana, Avalanche surge up to 6%
cryptocurrency market cap increased by 2.33% to around $1.42 trillion in the last 24 hours.
At 12:52 p.m., BTC was trading 2.4% higher at $37,372. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $730 billion.
«The price of Bitcoin has been above the $37,300 level today as market participants anticipate that the recent regulatory activity in the US might lead to positive news about a Bitcoin spot ETF. Market sentiments are presently positive, with the bulls working hard to sustain and keep up the momentum,» said Edul Patel, CEO of Mudrex.
Vikram Subburaj, CEO of Giottus Crypto Platform, said, «The crypto market prevailed over concerns regarding global exchange Binance and have bounced strongly post a healthy correction. Bitcoin, having gained 3% daily, is primed to rally towards the $38,000 level post which $40,000 becomes a possibility.»
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View Details»Other popular altcoins, including the likes of Solana and Avalanche, advanced 6% and 4.3%, respectively. Also, XRP, Ethereum, Dogecoin, Toncoin, Cardano, and Polkadot surged 2-3%.
The total volume in DeFi is currently $5.43 billion, 9.93% of the total crypto market 24-hour volume. The volume of all stablecoins is now $48.36 billion, which is 88.52% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 51.47%, according to CoinMarketCap. BTC volume in the last 24 hours fell 21.27% to $21.8
