The price of Bitcoin has climbed higher than $66,000 for the first time in a week after the recent halving event, causing a steady upward trend.
In simpler terms, the prices of alternative cryptocurrencies have risen slightly in the last 24 hours. Currently, Ethereum is trading at around $3,200, and Binance Coin is above $600.
Bitcoin’s Recover Continues
Following the tragic weekend event that caused a significant drop in BTC‘s value, it began to regain some ground during the business week. This upward trend peaked on Monday, reaching nearly $67,000.
Despite the escalating geopolitical conflicts between Iran and Israel, as well as other external factors, Bitcoin took a downturn once more. In reality, the cryptocurrency slipped beneath $60,000 on multiple occasions that week, with the most recent dip occurring on Friday – mere hours prior to the anticipated fourth halving’s conclusion.
Despite an initial dip, Bitcoin surged back up to approximately $65,000. This level held steady as mining rewards were reduced by half. Since then, BTC has been gradually increasing and reached a new high of over $66,000 today.
Its market cap has tapped $1.3 trillion on CoinGecko, and its dominance over the alts is up to 51%.
NEAR Goes Higher
Many alternative cryptocurrencies, like Ethereum and Binance Coin, have mirrored Bitcoin’s upward trend with slight increases. For example, Ethereum rose by 1% in the last 24 hours and is currently above $3,200. Binance Coin experienced a surge of over 4% and is now valued above $600.
The colors green and red indicate gains and losses, respectively, for the following cryptocurrencies: SOL, XRP, ADA, AVAX, DOT, and LINK are currently experiencing growth, while TON, DOGE, SHIB, TRX, and BCH have slight declines.
In simpler terms, among the larger-cryptocurrencies, NEAR Protocol’s native token has contributed the greatest value for investors over the past day. NEAR has experienced a rise of approximately 8%, bringing its price back towards the $7 mark.
Overnight, the total value of the cryptocurrency market has gained an additional $40 billion, bringing it above $2.55 trillion according to CoinMarketCap.
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2024-04-22 11:51