Bitcoin crosses $24,200 for the first time in a month, market cap above $462 billion

According to CoinDesk real-time data, Bitcoin It is trading at $24,128.63 with an increase of 5.73% in 24 hours. At the current market cap, bitcoin is valued at $460.81 billion. Meanwhile, bitcoin’s 24-hour volume is around $1.27 billion. The value transacted in bitcoin is $14.46 billion in 24 hours.

Bitcoin has touched intraday highs and lows of $24,210.28 and $22,493.48 respectively. The day is the highest level since mid-June this year.

Based on the current bull run, the weekly and monthly performance of Bitcoin has registered double digit growth. Its weekly bounce is around 25% and monthly profit is over 16%. However, bitcoin’s semi-annual performance is down by about 42%, while the digital currency is down about 48% so far this year. In one year, bitcoin is down about 25%.

Compared to its all-time high of $68,990.90 in November last year, bitcoin is down 65%.

equivalent Ethereum is approximately $1,594.22 which is 5.57% higher. It has touched an intraday high and low of $1,620.20 and $1,510.08 respectively. The token has a market cap of approximately $189.82 billion.

According to a Bloomberg report, Josh Olszewicz, head of research at crypto fund-manager Valkyrie Investments, said, “Forcible digital asset sales involving various crypto lenders and entities have been on hold for some time.”

The fund manager expects the $25,000 level for bitcoin next.

On CoinMarketCap, the global crypto market cap is approximately $1.08 trillion, up 3.98% from the previous day. In terms of volume, the market is down by 4.62% to around $106.65 billion. The total volume of DeFi currently stands at $8.72 billion, which is 8.18% of the total 24-hour volume of the crypto market. The volume of all stablecoins is now $96.79 billion, which is 90.76% of the total 24-hour volume of the crypto market.

first article