Cryptocurrency price today: The global cryptocurrency market has been in the green zone for a few days, and Tuesday was no exception. The global cryptocurrency market cap stood at $2.15 trillion at the time of writing, according to data from CoinMarketCap, as all major cryptocurrency coins gained on the day. Bitcoin broke above the $47,000 mark again the following day, while Ethereum approached the $3,500 mark. The high volume of coins being traded also encouraged investors to invest in this asset, as the amount of it increased by 18.38% during the day.
Bitcoin price stood at $47,566.40 at the time of writing, according to data shared by CoinMarketCap. This has increased by 1.35% in the past 24 hours. Over the past week, the price of Bitcoin has risen 12.63% after falling in previous months. Bitcoin prices hit a three-month high on Monday and the rally continued on Tuesday.
“Bitcoin and other major altcoins were able to hold on to gains despite global geopolitical concerns as regulatory proceedings support market sentiment, which is improving overall. Some market metrics are pointing to new positive signals,” Kunal said. Jagdale, founder of BitsAir Exchange.
Ether prices have also increased by 2.71% in the past 24 hours, standing at $3,408.88 at the time of writing. Over the past week, Ether prices have increased by 14.23%.
“Eth is currently trading in green with an increase of around 2.5% in the last 24 hours. If prices hold above the current level, we can expect a rally towards the psychological level of 4000 $ after facing some resistance. But if it goes down, buying in the dips is also in the picture. The bulls will try to push the asset up again,” ZebPay trade desk said. .
“Both BTC and ETH are up over 12% in a week, but we are seeing much more momentum in the altcoin than in Bitcoin. The ratio of ETH price to BTC or Bitcoin. “ETHBTC is at 0.071 from 0.065 two weeks ago. This shows that the surge in ETH is stronger than Bitcoin. Historically, when this ratio rises, it is a good indicator of a stronger market,” said Darshan Bathija, CEO and co-founder of Vauld.
Here are the top 10 cryptocurrencies and their prices as of March 28, 2022 (data from coinmarketcap.com)
Bitcoin $47,566.40 or 1.35% gain in the last 24 hours
Ethereum $3,408.88 or 2.71% gain in the last 24 hours
Tether $1.00 or 0.00% loss in the last 24 hours
BNB $435.61 or 0.42% gain in the last 24 hours
USD Coin $0.9999 or 0.003% loss in the last 24 hours
XRP $0.8799 or 1.41% gain in the last 24 hours
Cardano $1.22 or 2.59% gain in the last 24 hours
Terra $104.64 or 10.02% gain in the last 24 hours
Solana $110.30 or 0.87% gain in the last 24 hours
Avalanche $93.83 or 3.16% gain in the last 24 hours
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