Bitcoin Price (BTC) Passes 47 Thousand Dollars, Ethereum Gains Momentum, pepe Price Increases by 11%
The cryptocurrency market made an excellent comeback on Monday, with Bitcoin surpassing $47,000 for the first time in almost 2 years as anticipation grew regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US.
OG cryptocurrency Bitcoin rose sharply during the US session from $43,280 in early morning trading in Asia to $47,193 (the highest level since April 2022) before making some gains thereafter.
As institutional interest in Bitcoin increased, the price of Bitcoin (BTC) increased by approximately 8% in the last 24 hours to $46,931. While Bitcoin’s market value increased to $919.5 billion, transaction volumes increased by 103% to $43.2 billion in the last 24 hours.
The third largest cryptocurrency, Ethereum, followed a similar upward trend, reaching $2,311 with an increase of approximately 5.5% in the last 24 hours. As of the time of writing, Ether has a market value of $277.9 billion, while transaction volumes increased by 68% in the last 24 hours, reaching $13.2 billion.
While tether (USDT) prices remained largely flat, BNB price increased by 1.8% and XRP price increased by over 2.3% in the last 24 hours. The remaining top 10 cryptocurrencies by market cap also rose sharply. solana (SOL) increased by approximately 16% in the last 24 hours, Cardano (ADA) by 11%, and Avalanche (AVAX) by more than 14%.
Popular meme coins (dogecoin and Shiba Inu) have also seen their prices increase by 5.2% and 7.5% respectively in the last 24 hours. The global crypto market has been buoyed by optimism, rising over 7% in the last 24 hours to $1.72 trillion. The fear and greed index level remained at 74, indicating that investor sentiment is positive.
Top 3 Cryptocurrencies For Today
Pepe Price Increased by 11%
While the price of Pepe Coin increased by 11% in the last 24 hours to $0.000001184, its market value was $498.3 million. Trading volume in the last 24 hours increased by 1.5% to $86 million.
Pepe Price Table
SEI Price Increased Over 17%
sei network‘s eponymous token has seen an increase of more than 17% in the last 24 hours. At the time of writing this news, SEI’s price was $0.7224 and its market value was $1.6 billion. 24-hour trading volume reached $731.5 million, up more than 13% in the last 24 hours.
SEI Price Table
lido dao Gains 8%
Lido DAO (LDO) token is on the rise. In the last 24 hours, LDO Price rose over 8% to $3.13 and the token had a market cap of $2.8 billion. However, transaction volumes in the last 24 hours decreased by over 4% to $169.2 million. Note that the token has gained over 26% in value in the last 30 days.
Lido DAO (LDO) Price Chart; All Image Credits: CoinMarketCap
So read: Breaking News: Bitcoin ETF Filers Not Affected by US SEC Comments on S-1s, Is Approval Ahead?
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