The cryptocurrency market witnessed a rebound on Tuesday even as remains on the higher side. Most cryptocurrencies have rebounded supported by higher trading volumes.
Bitcoin, the world’s largest cryptocurrency, was trading at Rs 45,813.65 or 3.09 per cent higher compared to its value 24 hours ago at 2 pm. Bitcoin’s market capitalisation has increased to $861 billion and the 24-hour trading volume stands at $1.18 billion.
Ether has also witnessed a rise in momentum as it is currently trading 4 per cent higher than its value 24 hours ago. The cryptocurrency’s market capitalisation has increased to $389.35 billion and the 24-hour trading volume has gone up to $1.10 billion.
Cryptocurrency highlights | Check yesterday’s prices
All other altcoins have rebounded decently as the sentiment and trading volume continues to improve.
Commenting on the rebound, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “Markets saw some recovery as Bitcoin surpassed the $45,000 mark, and other altcoins replicated the momentum of the largest crypto.”
“Solana made decent gains over the past 24 hours. The largest altcoin, Ether, struggled to break past the local resistance level as it continued to remain dominated by the bears for yet another day. Traded volumes shot up 21%, indicating that the market might soon make a directional move,” he added.
Here are the latest prices and trends of popular cryptocurrencies:
Price (US Dollar)
Market cap (Billion)
Volume (24 Hours)
DISCLAIMER: The cryptocurrency prices have been updated as of 02:15 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.