Crypto Price Today: Bitcoin trades near $43,000; Ethereum, Solana jump up to 8%
BNB and Solana. The global cryptocurrency market cap also rallied nearly 3.6% to around $1.61 trillion in the last 24 hours.
At 12.19 p.m., BTC was trading 4.2% higher at $42,912, while Ethereum was up 3.02% at $2,241.
Other popular altcoin, such as Solana and Cardano, surged 8.2% and 6.4%, respectively. BNB, Avalanche, Polkadot, Chainlink, and Shiba Inu also gained 2-4%.
After trading in the red for the first time in 9 weeks, BTC started the 10th week hitting early $40k support levels but bounced soon to test $43.5k. At the same time, BTC has been able to maintain its dominance at 53.5% for the past few days, which is a positive sign for its price action, said CoinSwitch Markets Desk.
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»Meanwhile, Vikram Subburaj, CEO of Giottus, said, «Bitcoin has bounced by 5% today as market sentiment turns positive on spot ETF approval developments. A Bitcoin rally towards $44,000 is likely by this weekend if it can hold current levels ($43,000).»
The total volume in DeFi is currently $7.39 billion, 11.41% of the total crypto market 24-hour volume. The volume of all stablecoins is now $57.69 billion, which is 89.08% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 52.1%, according to CoinMarketCap. BTC volume in the last 24 hours rose 37.4% to $25.9 billion.
Tech View on Bitcoin by Sathvik Vishwanath,
