Digital currency markets are recovering from last week’s losses as the overall crypto economy has jumped above the estimated $2 trillion mark. Bitcoin has crossed the $55,000 mark, while other digital assets have grown faster. Among the top ten crypto assets on Tuesday, XRP and UNI posted double-digit percentage gains in morning trading.
Crypto-currency markets rebounded
Bitcoin and a number of crypto assets have improved significantly in the first few days of this week from last week’s losses. Currently, bitcoin (BTC) is trading at $55,178 per unit and is up 2.9% in the past 24 hours. The seven-day statistics show that BTC is still down 1.3%.
Tuesday’s data shows that the bitcoin (BTC) markets have a global trading volume of between $20 billion and $51.70 billion, while statistics from messari.io show that the actual volume worldwide could be around $9.16 billion. The trading pairs show that the top five currencies associated with BTC today are USD, JPY, EUR, KRW and GBP.
The second largest crypto asset is Ethereum (ETH), which is up 2.17% today. ETH is trading at $2,574 per unit, and over the past seven days data shows that ETH is up 9%. While BTC has a 49.5% share among the 9,458 cryptocurrencies issued on 370 global exchanges, ETH currently has a share of about 14.3%.
Of the top ten crypto-currencies in terms of market cap, XRP gained the most on the day. Crypto assets have risen more than 18 percent in the past 24 hours, with each token trading for $1,446 apiece.
Uniswap (UNI) is the second biggest bettor on Tuesday, jumping 12% in the past 24 hours. Each UNI will trade at a price of $40.25 per token during the morning trading sessions (EST).
Ripple rises and falls with the dog, analyst thinks Ether bulls are ready to charge
Meanwhile, after crypto asset dogecoin (DOGE) went through an incredible run-up, the token consolidated around $0.27 per DOGE. The legendary crypto is up more than 2% today, but the token has lost 13% on the week.
Although weekly earnings are down 13%, monthly statistics show that the DOGE is still at a record high of 413.26%. Similarly, XRP has gained 157.29% in the past 30 trading days, making it the highest 30-day gainer after Dogecoin. In terms of monthly returns for the top 10, BNB lags behind XRP with a 107% gain over the past 30 days.
Speaking to Bitcoin.com News on Tuesday, Tim Frost, CEO of the defi yield.app project, said he is very optimistic about the price of Ethereum.
While BTC is losing its historic market dominance (the flagship currency now has 49% of the market, according to Coingecko), the global computer currency is starting to rise, showing signs of a breakout long predicted by ether proponents, Frost said.
The crypto-executive also added that he believes ETH prices reaching $3,500 could be on the horizon. BTC has failed to stay near its all-time high of over $62,000, while ETH is showing signs of breaking through the $2,500 resistance holding it back. If that happens, we could see it go to $3,500 soon, Frost said.
What do you think of the crypto-currency market today? Let us know what you think in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Markets.Bitcoin.com, Bitcoin Wisdom,
Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of a product, service or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.
dogecoin news update today,latest on dogecoin,dogecoin news current,dogecoin chart,what now for dogecoin,what’s happening with dogecoin right now,dogecoin price,dogecoin stock