In the last 24 hours, cryptocurrency markets have continued to rise. According to CoinMarketCap data, the worldwide market cap increased by 1.77% in the last 24 hours, reaching $2.14 trillion as of 8:00 a.m. IST.
Bitcoin is currently priced at $47,555, up 1.51%. Ethereum is currently trading at $3,391, up by 2.89%.
In the previous 24 hours, the USDT Tether stable coin’s value has increased by 0.01%. The USDC stable coin is up 0.01% as well.
The value of the BNB cryptocurrency has increased by 1.35%.
The price of XRP Ripple has increased by 1.33%. The value of the ADA token has increased by 3.10%.
Solana has increased by 3.55%. In the previous 24 hours, Terra LUNA has increased by 7.49%.
The stock of Avalanche has increased by 4.22%.
It’s worth noting that cryptocurrency markets have been flourishing in recent days for a variety of reasons. Institutional investors such as Goldman Sachs, Morgan Stanley, and others have demonstrated their faith in the crypto industry by purchasing cryptocurrencies such as Bitcoin. Governments all across the world are regulating cryptocurrencies, with some enacting lax regulations in order to promote their areas as crypto centers, such as Dubai, Singapore, and Thailand. Crypto markets have risen as a result of all of these developments.