Cryptocurrency price

Cryptocurrency Price Today: Bitcoin Crosses $ 40,000 For First Time In Weeks, Ether Up Over 4%

Cryptocurrency markets were bullish on Tuesday, with popular cryptocurrencies trading in positive territory. The world’s most popular virtual currency, Bitcoin, finally broke through $ 40,000 after more than two weeks.

As it slashed its gains for a short time, Bitcoin traded at just over $ 40,100, up over 1.50%, at 12:50 p.m. ET. Little rival Ether was outperforming Bitcoin in percentage terms, up more than 4% from its value 24 hours ago.

All other smaller cryptocurrencies including Ripple, Cardano, Dogecoin, Stellar, Polkadot, Chainlink, and Litecoin were trading at prices higher than their prices a day ago.

Cryptocurrency Highlights: Check Monday’s Prices

The crypto markets have gained momentum since yesterday after Elon Musk clarified that Tesla may accept Bitcoin in the future. The 49-year-old’s clarification came after he was criticized for “pumping and draining” the value of cryptocurrencies.

While Musk’s tweet was specifically about Bitcoin, it appears to have given a boost to the overall cryptocurrency market which has been facing wild swings since last month. However, volatility is expected to remain high in the virtual currency market due to the Chinese crackdown.

Here are the latest prices and trends for popular cryptocurrencies:

Cryptocurrency

Price (US dollar)

24 hour change

Market capitalization (Billions)

Volume (24 hours)

Bitcoin

40,232.17

1.61%

$ 753.75

$ 44.07 billion

Ethereum (Ether)

2,611.58

4.45%

$ 303.71

$ 29.46 billion

Dogecoin

0.327970

0.65%

$ 42.60

$ 2.18 billion

Litecoin

178.57

5.52%

$ 12.12

$ 1.57 million

XRP (Ripple)

0.892410

1.87%

$ 89.23

$ 3.30 billion

Cardano

1.59

3.40%

$ 51.17

$ 4.65 million

Meanwhile, investment products and cryptocurrency funds recorded exits for the second week in a row, according to data from digital asset manager CoinShares. This appears to be a precautionary measure in a context of increasing volatility.

Total cryptocurrency outflows reached $ 21 million for the week ended June 11, and total outflows reached $ 267 million since mid-May.

Releases in Ether, the token used in the Ehtereum blockchain, have reached a new record high. Ether posted its biggest release last week of $ 12.7 million, data shows. It can be noted that Ether has been one of the top performers this calendar year.

(DISCLAIMER: Cryptocurrency prices were updated at 1:20 p.m. and will change throughout the day. The list is meant to give a rough idea of ​​popular cryptocurrency trends and will be updated daily.)


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