New Delhi: After days and months of uncertainty and ambiguity in cryptocurrency markets, fresh hope is building up. Bitcoin, the most popular cryptocurrency bearing the brunt of sagging markets, received a fresh lease of life and is now trading in green for almost a week now.
Bitcoin prices have surged above $45,000 mark in the crypto market. According to CoinMarketCap portal, the digital currency has attained a market capitalization of $84.41 billion. Bitcoin witnessed huge volatility this year, with prices dropping to 2% and then recovering to all time high. Overall, the prices of Bitcoin has gone up by 53% despite the volatility.
On Aug 13, the price of Bitcoin stood at $45,193.44 with a drop of 2.06% in last 24 hours. The uptrend in Bitcoins has been welcomed and appreciated by market experts.
ZebPay Trade Desk said, “BTC levels are holding fort, thanks to good momentum and volumes. This morning, BTC beat its hard psychological resistance of $46,000, which in itself is a good sign for traders and investors.
This shows bears becoming weak and outlook bright.”
Ethereum, another popular digital currency has risen by 21% with a price of $3200. According to CoinMarketCap.com, the crypto declined by 3.16% in last 24 hours. However, the coin moved upwards 12.54% in last week, thus offsetting the losses.
Other digital currencies like Binance Coin, Tether, Cardano and XRP have been trading at 17.55%, 0.04%, 43.56% and 36.59% respectively.
