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Bitcoin Price (BTC)Thunders Past $47K, Ethereum Gains Momentum, Pepe Price Rallies 11%
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The cryptocurrency market made a stellar comeback on Monday, with Bitcoin thundering past $47,000 for the first time in almost 2 years as anticipation grew about the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US.
The OG cryptocurrency Bitcoin rose sharply from $43,280 in early morning trade in Asia to $47,193 — the highest level since April 2022 — during the US session, before paring some gains.
With institutional interest in Bitcoin on the rise, Bitcoin’s (BTC) price went up nearly 8% over the last 24 hours to $46,931. The market cap of Bitcoin rose to $919.5 billion while trading volumes jumped a whopping 103% to $43.2 billion over the last 24 hours.
Ethereum — the third largest crypto — followed a similar upward trend, gaining nearly 5.5% over the last 24 hours to $2,311. As of writing, Ether commanded a market cap of $277.9 billion while trading volumes stood at $13.2 billion, up 68% over the last 24 hours.
While Tether (USDT) prices largely remained flat, BNB climbed 1.8% and XRP rose over 2.3% in the past 24 hours. The remaining top 10 cryptocurrencies by market cap also rose sharply. Solana (SOL) rallied nearly 16% over the last 24 hours, Cardano (ADA) was up 11% while Avalanche (AVAX) surged over 14%.
Popular meme coins — Dogecoin and Shiba Inu — also saw their prices rising over the last 24 hours by 5.2% and 7.5%, respectively. The global crypto market was buoyed by the optimism, having surged over 7% over the last 24 hours to $1.72 trillion The fear and greed index level stood at 74, indicating investor sentiment was positive.
Top 3 Cryptos For Today
Pepe Price Rallies 11%
The price of Pepe Coin climbed 11% over the last 24 hours to $0.000001184, with its market cap standing at $498.3 million. Its trading volume over the last 24 hours went up over 1.5% to $86 million.
- Pepe Price Chart
SEI Price Jumps Over 17%
The Sei Network’s namesake token has seen a more than 17% increase in the last 24 hours. At press time, SEI’s price stood at $0.7224, with its market cap standing at $1.6 billion. The 24-hour trading volumes stood at $731.5 million, up more than 13% in the last 24 hours.
Lido DAO Gains 8%
The Lido DAO (LDO) token has been on a roll. In the past 24 hours, the LDO Price rose over 8% to $3.13, and the token was sitting at a market cap of $2.8 billion. However, trading volumes over the last 24 hours dropped over 4% to $169.2 million. Note that the token has appreciated over 26% in the past 30 days.
Also Read: Breaking: Bitcoin ETF Filers Unswayed By US SEC Comments On S-1s, Approval Ahead?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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