Ethereum and Other Tokens Notice Gains as Bitcoin Rises, But Stays Under $23,000
On Tuesday, cryptocurrencies experienced an overall rise, with the global crypto market cap reaching $1.02 trillion and a trading volume of almost $33.8 billion in the last 24 hours. Bitcoin, the world’s largest virtual currency, rose by 0.6% to $22,472 while its market value reached $433.9 billion, and the trade volume stood at $16.3 billion. Ethereum, the second largest virtual currency, increased by 1% to $1,575.6, with a market capitalization of $192.7 billion and a trade volume of $5.1 billion in the last 24 hours. Dogecoin, a meme-based virtual currency, saw a rise of 2.4% and has a market value of $10 billion and a trade volume of $257.8 million.
Shiba Inu rose by 2.5% with a market capitalization of $6.2 billion, and its trade volume was $127.6 million in the last 24 hours. Solana rose 0.5% to $20.8, with a market capitalization of nearly $8 billion and a trade volume of $281.1 million. Polygon also experienced a 2.4% increase with a market capitalization of $10 billion, and the trade volume reached nearly $255.9 million in the last 24 hours. Experts suggest that Bitcoin has been struggling to climb back to $22,800, and if it fails to do so, the next support level would be at $21,480. The limited activity around the $1,500 mark for Ethereum suggests uncertainty among buyers and sellers. Despite the fluctuations, virtual currencies continue to attract investors and traders, with some predicting that their popularity is set to increase in the near future.
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