BITCOIN CROSSES $62k, ETHEREUM & ALTCOINS MIRROR SENTIMENTS
The crypto prices today recovered from the recent losses with bitcoin surging past $62,000 while Ethereum and other altcoins followed with significant gains.
WHY CRYPTO MARKET SOARING
Bitcoin recovered from recent dips and sustained the $62,000 level.
ethereum also recorded an uptick and surpassed $2,900.
solana inched closer to the $150 mark.
The top crypto prices today witnessed a rebound as the bitcoin (btc) price extended above the $62,000 mark. moreover, the ethereum (eth) gained notably and sustained the $2,900 level.
1. Bitcoin:
The bitcoin price soared 2.57%, reaching $62,487.50 at the time of writing on tuesday, may 14. on the other hand, it’s trading volume spiked 65.26% to $27.70 billion in the last 24 hours. whilst, the crypto’s market capitalization stood at $1.23 trillion.
2. Ethereum:
The ethereum price gained 1.88% to $2,941.82 at press time with a market valuation of $353.40 billion. whilst, eth saw its trading volume jumped 53.71%, reaching $12.23 billion.
3. Solana:
the solana price approached the $150 level amid the rebound frenzy today. the solana price rallied 6.39%, settling at $148.59. in contrast, sol witnessed a 69.38% hike in trade volume to $2.23 billion in the last 24 hours.
4. XRP :
whilst, the xrp price managed to attain the $0.50 mark again. the xrp price recorded a gain of 2.99%, reaching $0.5069. on the other hand, xrp’s trading volume shot up by 39.31% to $849.93 million.Meanwhile, the Cardano crypto price was up 2.42% to $0.4372 today. Whilst, ADA recorded a massive surge of 78.38% in its 24-hour trading volume, settling at $360.23 million.
6. Dogecoin & Shiba Inu :
The Dogecoin price rallied 9.83% to $0.1508 while its rival, Shiba Inu price soared 8.31% and traded at $0.0000236.
References :
°Coinmarketcap
°CoinGape
Remember, the market awaits the release of U.S. inflation data: Producer Price Index (PPI) on Tuesday, & Consumer Price Index (CPI) on Wednesday.
