Cryptocurrency investors breathed a sigh of relief on Wednesday as prices of popular virtual coins rebounded sharply on Wednesday after falling for more than a week.
A round of buying over the past 24 hours seems to have boosted crypto valuations, with major virtual coins such as Bitcoin and Ether rising sharply.
Bitcoin, the world’s most popular cryptocurrency, rebounded to cross $30,000 and was up nearly 4 per cent at 11:45 am. Ether also jumped to $1,865 after rising nearly 6.6 per cent.
Cryptocurrency highlights | Check yesterday’s prices
All other popular altcoins such as XRP, Cardano, Dogecoin, Stellar, Uniswap, Chainlink, Polkdot and Litecoin saw their values increase sharply. Whether the virtual coin market can hold on to today’s gains depends on the buying momentum.
Commenting on the rebound, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The cryptocurrency markets would be breathing a sigh of relief. After an entire week of sell-off, the past 24 hours witnessed some influx of buyers uplifting the market sentiments. Bitcoin has settled over the $30,500 mark.”
While the cryptocurrency market has rebounded, investors should remain cautious, said Patel.
“The recovery was even greater for most of altcoins. However, this is not yet a bull market. Investors should be wary of such reversals, as such moves have been bull traps multiple times in the past,” he added.
Here are the latest prices and trends of popular cryptocurrencies:
|
Cryptocurrency |
Price (US Dollar) |
24-hour change |
Market cap (Billion) |
Volume (24 Hours) |
|
Bitcoin |
30,773.15 |
3.67% |
$577.36 |
$21.26 billion |
|
Ether |
1,864.93 |
6.50% |
$217.71 |
$19.90 billion |
|
Dogecoin |
0.179921 |
9.76% |
$23.46 |
$1.68 billion |
|
Litecoin |
111.69 |
5.34% |
$7.61 |
$1.54 billion |
|
XRP |
0.545954 |
3.16% |
$54.59 |
$1.52 billion |
|
Cardano |
1.13 |
6.43% |
$36.44 |
$1.73 billion |
DISCLAIMER: The cryptocurrency prices have been updated as of 11:55 am and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.