Cryptocurrency prices have recovered slightly in the past 24 hours despite volatility across the entire virtual coin market. This has provided some relief to anxious investors who were worried about the declining trend.
Bitcoin, the world’s most popular cryptocurrency, traded at $42,000 or over 1 per cent higher than its value 24 hours ago at 1:10 pm. The market capitalisation of Bitcoin also rose above $800 billion as a result of the slight gain. The 24-hour trade volume was $1.14 billion.
Ether, the native token on the Ethereum platform and the world’s second-most popular cryptocurrency, traded at $3,200 or 3.50 per cent higher than its value 24 hours ago. Ether’s market capitalisation rose to $383 billion and the 24-hour trade volume declined to $759.50 million.
Crypto highlights | Check yesterday’s prices
Most other smaller cryptocurrencies have gained in the past 24 hours, providing relief to investors at a time when volatility has dampened crypto valuations across global markets.
While cryptocurrency prices have gained in the past 24 hours, experts have asked investors to be cautious as volatility still remains at large in the cryptocurrency spectrum.
Commenting on the improvement, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “The crypto market has started to show signs of a slight bounce back after hitting prices hard. All cryptocurrencies show a rise over the past 24hours.”
“While Bitcoin and Ethereum traded at US$43,000 and US$3,247, witnessing tender growth, Cryptos such as BNB, Polygon, NEAR Protocol and Fantom have witnessed huge growth,” he added.
“It comes as a great relief to the investors who were anxious looking at the downward trend for the past two weeks.”
Here are the latest prices and trends of popular cryptocurrencies:
|
Cryptocurrency |
Price (US Dollar) |
24-hour change |
Market cap |
Volume (24 Hours) |
|
Bitcoin |
42,555.16 |
0.88% |
$805.41 billion |
$1.15 billion |
|
Ether |
3,214.91 |
2.94% |
$378.28 billion |
$759.50 million |
|
Dogecoin |
0.151972 |
5.35% |
$20.18 billion |
$1.49 billion |
|
Litecoin |
131.59 |
2.10% |
$9.13 billion |
$30.39 million |
|
XRP |
0.760170 |
1.60% |
$76.01 billion |
$2.35 billion |
|
Cardano |
1.20 |
4.70% |
$40 billion |
$1.21 billion |
DISCLAIMER: The cryptocurrency prices have been updated as of 1:30 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.
