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Bitcoin (
$64,324.00 ) (BTC) soared past the $30,000 mark on April 11 — reaching its highest point since June 2022.
At the time of writing, BTC was trading at $30,073 while its market cap reached $581.7 billion, according to CryptoSlate data. Bitcoin ( $64,324.00 ) is up 6% over the past 24 hours and 7.41% over the past week.
Bitcoin ( $64,324.00 ) ’s rally buoyed the entire cryptocurrency market — the global crypto market cap is up more than 4% to $1.24 trillion over the past 24 hours. The total crypto market trading volume reached $47.26 billion.
Ethereum (
$0.00 ) (ETH), the second-largest cryptocurrency, bagged 3.1% gains over the past day to trade at $1,917 at the time of publishing. The market cap of ETH stood at $230.9 billion. Ethereum ( $0.00 ) last neared the $2,000 mark in August 2022.
The gains came ahead of the Shanghai upgrade scheduled for April 12 — when 18 million staked ETH worth around $34 billion will be unlocked. The unlocking is expected to create selling pressure on ETH and negatively impact the price of ETH.
With the gains of the past day, Bitcoin ( $64,324.00 ) and Ethereum ( $0.00 ) are up over 81% and 60% year-to-date, respectively.
Solana (SOL) recorded the highest gains over the past day, rising 9.66% over the past day to $22.22 at the time of writing. BNB (
$0.00 ) ( BNB ( $0.00 ) ), Cardano (
$0.00 ) (ADA), and XRP (
$0.00 ) ( XRP ( $0.00 ) ) prices climbed by 4% or more over the past 24 hours. BNB ( $0.00 ) rose 4.66% to $327.49 while XRP ( $0.00 ) price increased 4% to $0.52. Cardano ( $0.00 ) price is up 4.32% to $0.40 at the time of writing.
Dogecoin (
$0.000 ) (DOGE) and Polygon (MATIC) saw minor gains of 1.65% and 2.66% respectively over the past day.
The rise in crypto prices comes at a time when investors are awaiting key inflation data due to be released later this week. Traders are hoping to see a pause in Fed interest rate hikes, which could further boost crypto prices.
The post Bitcoin ( $64,324.00 ) climbs past $30k, Ethereum ( $0.00 ) approaches $2k appeared first on CryptoSlate.
