Following a week of steady losses, crypto prices have turned a bullish corner in the last day. And traders shorting Bitcoin and Ethereum have been caught out.
This positive price movement puts the total market capitalization just above $1.05 trillion, a 7.15% rise over the past 24 hours, suggests CoinMarketCap.
Bitcoin (BTC), the leading cryptocurrency with a market capitalization of $438 billion, is up 7.3% over the past 24 hours and trades at around $22,884.
Despite significant daily gains, BTC is still down 66.66% from its all-time high of $68,789.63 recorded in November 2021, reports CoinMarketCap.
Ethereum (ETH) has also posted significant gains of nearly 11% over the past 24 hours. ETH is the second-largest cryptocurrency, with a market capitalization of $197 billion.
The leading smart contracts blockchain is trading at around $1,614 apiece, down 66.69% from its recorded all-time highs in November 2021, according to data from CoinMarketCap.
Nearly 88,140 traders were...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...