Top cryptocurrencies Prices Updates: In terms of cryptocurrencies, the price of Bitcoin rose today to trade above USD 21,000 as the biggest and most well-known digital token in the world was up more than 2% at USD 21,121 and has increased more than 24% over the past seven days. On Saturday, it did so for the first time since November 8, 2022. Before the most recent breakout, the price of Bitcoin has been trapped in a small range between USD 16,000 and USD 17,000 for weeks.
For the first time since early November, the total market valuation of the cryptocurrency industry surpassed USD 1 trillion over the course of the weekend, according to statistics from CoinGecko. According to data from CoinGecko, the market capitalization of all cryptocurrencies rose by more than 2% in the last day to USD 1.04 trillion.
"Investors' optimism that inflation may have reached its peak and that Bitcoin may have reached its low point caused it to exceed USD 21,000. The improvements followed a report on consumer prices that revealed a drop in the inflation rate in January. Additionally, the Federal Reserve is probably going to limit interest rate hikes "said Edul Patel, CEO and co-founder of Mudrex.
On the other side, Ether, the second-largest cryptocurrency and coin connected to the Ethereum blockchain, also increased by about 2% to USD 1,566. Shiba Inu price today went up over 6% at USD 0.0000010, while Dogecoin price was also over 2% higher at USD 0.08.
As prices for Tether, Stellar, XRP, Polkadot, Chainlink, Solana, Avalance, Polygon, Apecoin, Tron, Solan, Litecoin, and Uniswap were trading higher over the previous 24 hours, other cryptocurrencies' performance today also improved.
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