Crypto Price Today: Bitcoin surges above $31,000, market cap crosses $600 billion

economictimes.indiatimes.com:

cryptocurrency market was trading on a mixed note on Tuesday. Bitcoin, Ethereum, XRP and Cardano were trading with gains, while BNB, Litecoin, Polkadot and Solana witnessed some cuts. Bitcoin (BTC) rose 1.17% to $31,021, whereas Ethereum (ETH) was below the $1,950 level. BTC volume in the last 24 hours stood at approximately $16.17 billion, rising 47.24% in the last 24 hours. «The crypto market witnessed a remarkable surge in the past 24 hours, with a total volume of $37.82 billion, marking an impressive 25.34% increase. Notably, the DeFi sector contributed $2.94 billion, accounting for 7.78% of the overall market volume,» Shivam Thakral, CEO of BuyUcoin, said. «Adding to the excitement, Bitcoin surpassed the $31,000 mark, driven by the euphoria surrounding the application for a Bitcoin ETF. This achievement further fuels optimism and interest in the cryptocurrency market,» he added.

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The global cryptocurrency market cap was trading around $1.22 trillion, rising 0.97% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $602 billion. Bitcoin's dominance is currently 49.56%, an increase of 0.18% over the day, according to CoinMarketCap. «It has been nearly two weeks now that BTC has been trading in the range of $30 — $31.5k. BTC's stability hints towards a weakening grip by the bears. It is now a matter of when instead of 'if' BTC will cross the psychological