Bitcoin's value has jumped over $47,000 after improvement in buying sentiment. (Photo: Reuters)
Cryptocurrency prices improved over the past 24 hours as buying momentum surged in the wake of improving investor sentiment. The values of most cryptocurrencies have rebounded after a period of volatility.
Bitcoin, the worlds largest cryptocurrency, crossed $47,000 or 2.95 per cent higher than its value 24 hours ago, at 12:50 pm. Bitcoins market capitalisation jumped to $885 billion and the 24-hour trading volume remained stable at $1.03 billion.
The largest altcoin Ether also rose 2.41 per cent compared to its value 24 hours ago. It was trading at nearly $3,400 and its market capitalisation increased to $397.41 billion. The 24-hour trading volume was, however, lower at $793 million.
Cryptocurrency highlights | Check yesterday's prices
A majority of altcoins saw further improvement in their valuation over the past 24 hours and only some like Cardano and Polkadot struggled to gain momentum.
Commenting on the broad-based recovery, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, We are witnessing a solid buying momentum across the cryptocurrency markets.
"After consolidating for some time, the markets are now inching closer towards their highs for the day. Bitcoin went past the $47,000 mark before facing a pull-back, he added.
The largest altcoin, Ethereum, went past the $3400 level. The star performers of the day were Uniswap and Chainlink. Both of these tokens were under a lot of bearish dominance for quite some time.
Cryptocurrency
Price (US Dollar)
24-hour change
Market cap (Billion)
Volume (24 Hours)
Bitcoin
47,145.80
3.19%
$887.10
$1.03 billion
Ether
3,396.93
2.61%
$398.23
$793.31 million
Dogecoin
0.240800
1.57%
$31.58
$844.12 million
Litecoin
181.69
1.43%
$12.45
$98.92 million
XRP
1.09
0.92%
$108.97
$3.39 billion
Cardano
2.39
-0.88%
$77.18
$292.40 million
DISCLAIMER: The cryptocurrency prices have been updated as of 01:10 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.
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Cryptocurrency prices today: Bitcoin rises over $47,000 as buying momentum stregthens - India Today
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