Bitcoin has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $32,114.2 (-6.84%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has increased to $1,038.42 (+29.27%), while XRP has jumped by 10.25% and is now trading at $0.24.
Many investors now feel validated in the crypto market after BTC recently surpassed a new all-time high of $34,788.
The last time the benchmark crypto traded "close" to this level was during the 2017 rally, when it hit a record $19,783. It should be noted the current rally seems to be different from that of 3 years ago, something that even renowned media such as the New York Times have realized.
BTC is not the only cryptocurrency that is experiencing spectacular growth. Thus, ETH, the second largest crypto in the market by capitalization, last night exceeded the psychological barrier of $1,000, something it has not done since January 2018. It remains to be seen if the coin is also capable of surpassing its all-time high of over $1,300, reached in January of the same year.
According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $879,373,201,626.
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