Cryptocurrency prices today: Bitcoin rises over 2% as trade gain momentum

The cryptocurrency market marginally rebounded during the weekend as the market cap of all popular virtual coins gained. The positive momentum continued on Monday, but prices could fall due to existing headwinds.

Bitcoin, the world’s most popular cryptocurrency, was trading 2.30 per cent higher at $34,277.64 at 1:35 pm. Its closest rival Ether also rose over 2.40 per cent at $2,143.63. All other popular altcoins like Cardano, XRP, Dogecoin, Stellar, Polkadot and Litecoin were trading higher than their price 24 hours ago.

Commenting on the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The crypto markets are slowly yet steadily moving out of the weekend consolidation.”

Read | Self-claimed Bitcoin King arrested for allegedly duping investors off $250 million worth of Bitcoin

“As the traded volumes increase, most of the top cryptos are rising higher over yesterday’s levels. Bitcoin has been able to hold its ground over the $34,000 mark. Ether looks good over $2100,” he added.

Patel, however, warned that there could be some rapid swings in the crypto market as the consolidation fades. He also said that the momentum is not exactly bullish at the moment.

“We might see some rapid swings as the consolidation slowly fades. Technical indicators still indicate that the momentum is not exactly bullish. Therefore, there is also the possibility of the bears springing into action,” he said.

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

34,285.33

2.36%

$642.98

$18.90 billion

Ether

2,147.53

2.45%

$250.52

$14.19 billion

Dogecoin

0.217149

2.72%

$28.29

$944.51 million

Litecoin

138.29

-1.62%

$8.95

$2.13 billion

XRP

0.651230

3.39%

$9.41

$1.64 billion

Cardano

1.36

2.21%

$43.89

$815.95 million

DISCLAIMER: The cryptocurrency prices have been updated as of 1:40 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.

Also Read | Bitcoin was not the most exchanged cryptocurrency last week, for the first time

This news is republished from another source. You can check the original article here

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