Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level
Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level
Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.
Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.
Bitcoin price jumped above the $64,000 mark on Monday morning in Asia, just around 7% away from the cryptocurrency’s all-time high set in November 2021.
The world’s largest cryptocurrency by market cap, Bitcoin was trading at around $63,600, rising 2.78% in the last 24 hours. Bitcoin’s market capitalization was at $1.25 trillion. So far this year, Bitcoin price has rallied more than 50%.
On March 1, Bitcoin prices crossed the historic $63,000 price threshold for the first time since December 2021.
Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.
Meanwhile, the overall cryptocurrency total market value has passed $2.5 trillion.
The rally in Bitcoin prices comes after the recent approval and the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year which attracted substantial investments and reignited excitement in the cryptocurrency market.
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