Bitcoin Rise Above $19,000, Ethererum Climbed 4.6%

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The world’s largest and most pop­u­lar vir­tu­al cur­ren­cy, Bit­coin, rose 3.6 per­cent to $19,449.5. Its mar­ket val­ue stood at $372.7 bil­lion. The trade vol­ume was at $39.6 billion. 

Major cryp­tocur­ren­cies extend­ed gains on Tues­day. Bit­coin held its ground above $19,000, while Ethereum remained below $1,400. The glob­al cryp­to mar­ket cap stood at $939.08 bil­lion, with a vol­ume of $77.29 bil­lion in the past 24 hours.

The world’s largest and most pop­u­lar vir­tu­al cur­ren­cy, Bit­coin, rose 3.6 per­cent to $19,449.5. Its mar­ket val­ue stood at $372.7 bil­lion. The trade vol­ume was at $39.6 billion.

Edul Patel, CEO and co-founder of Mudrex, said, “BTC has been trad­ing low­er in con­sec­u­tive ses­sions fol­low­ing the CPI’s data release. If buy­ers can hold above the cur­rent lev­el, we might see BTC reach­ing to $20,000 lev­el soon.”

The sec­ond largest vir­tu­al cur­ren­cy, Ethere­rum or Ether, climbed 4.6 per­cent to $1,362.4 with a mar­ket cap­i­tal­i­sa­tion of $167.1 bil­lion. The trade vol­ume of Ethereum was $17.7 bil­lion in the last 24 hours.

On Ethereum, Patel said, “Ethereum made a false break­out of the local sup­port at $1,284 yes­ter­day, indi­cat­ing the buy­er’s pres­sure. ETH has not yet acquired the strength to make a sharp move, so there are chances that ETH might trade side­ways between $1,300 and $1,400 on Tuesday.”

Meme-based vir­tu­al cur­ren­cy Doge­coin was 3.3 per­cent up with a mar­ket cap­i­tal­i­sa­tion of $7.7 bil­lion. Shi­ba Inu was trad­ing 2.6 per­cent high­er while Solana climbed 5.4 per­cent to $32.4 billion.

On the domes­tic front, Indi­an equi­ty indices — BSE Sen­sex and NSE Nifty50 — made a gap-up start amid gains in oth­er Asian markets.

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