The leading cryptocurrency Bitcoin (BTC) started the day with a rise and reached levels of $26,500 in the early hours of the day. The cryptocurrency market has rebounded again, driven by the increase in value of BTC. Ethereum (ETH), along with its recent price increases, started trading at levels of $1620.
Cryptocurrency Market Rebounds
The leading cryptocurrency Bitcoin (BTC), which fell to levels of $25,000 at the beginning of the week, started the day with a strong rise and reached levels of $26,500 in the early hours of the day. The cryptocurrency market rebounded again, driven by the increase in value of the leading cryptocurrency BTC.
Ethereum (ETH) reached levels of $1620 with a value increase of over 1.7% in the last 24 hours. Most altcoins in the cryptocurrency market started to rise again in the morning and accelerated their price increases throughout the day. The total market value of the cryptocurrency ecosystem surpassed $1.04 trillion, according to CoinMarketCap (CMC) data.
With their recent price increases, BNB started trading from levels of $211, XRP from levels of $0.48, Cardano (ADA) from levels of $0.24, Dogecoin from levels of $0.061, Solana (SOL) from levels of $18.8, and TRON (TRX) from levels of $0.081. Additionally, according to Coinglass data, the cryptocurrency market saw an average of $45 million worth of short and long positions liquidated in the last 24 hours.
Featured Cryptocurrencies of the Day
With the upward trend in the cryptocurrency market and the increase in value of the leading cryptocurrency Bitcoin, there were cryptocurrencies that recorded significant increases in value throughout the day. Hedera (HBAR), THORChain (RUNE), Conflux (CFX), Curve DAO Token (CRV), and Maker (MKR) were among the cryptocurrencies that saw the highest percentage increase among the top 100 cryptocurrencies by market capitalization in the last 24 hours, according to CMC data.
On the other hand, there were cryptocurrencies that continued to experience downward price movements and accelerated losses throughout the day, alongside the rise in BTC. Klaytn (KLAY), Astar (ASTR), Compound (COMP), and Toncoin were among the cryptocurrencies that saw the highest percentage decrease among the top 100 cryptocurrencies by market capitalization in the last 24 hours, according to CMC data.
