Bitcoin (BTC) and the rest of the digital currency market recently saw a sharp price recovery. Almost all the digital currencies in the market were in the green, with some recording double-figure gains. The valuation of the entire digital currency market also surged by $10 billion in a period of twenty-four hours. The price surged saw the value of Bitcoin (BTC) rise from around $3,300 to over $3,700.
However, Bitcoin (BTC) is now struggling to stay over the $3,600 mark for the third day in a row. The market is gradually rolling back after a short, sharp recovery, and most of the top digital currencies in the market are in the red. Bitcoin (BTC) has been trading sideways over the past twenty-four hours. Nevertheless, the digital currency is still over its psychological threshold of $3,600 at the time of writing.
Bitcoin Sees Higher Levels of Daily Transaction Volume
Last week, the daily transaction volume of Bitcoin (BTC) nearly reached levels last seen in January last year, when the world’s most valuable digital currency was trading close to the $20k level. The massive surge in the daily trading volume of Bitcoin shows that more investors and traders are acquiring the digital currency, with fear of missing out on the next bull run.
XRP (XRP) Price Today – XRP / USD
XRP (XRP) – which was the second largest digital currency in the world by market cap – has just lost its position to Ethereum (ETH). Ethereum just reclaimed its long-lost position as it just amassed some gains that helped to boost its market cap, outperforming that of XRP (XRP).
Over the past twenty-four hours, XRP is down by about 2 percent. The digital currency is now changing hands at 30 cents, and its market cap has shrunk to $12.43 billion over the past twenty-four hours. However, the gap between the market cap of Ethereum (ETH) and XRP (XRP) is not much, and a slight increase in the value of XRP could help it to reclaim the second position on the list of top digital currencies.
On the other hand, Ethereum (ETH) is one of the few digital currencies among the top ten that is still in the green. The value of Ethereum (ETH) is up by more than one percent over the past day. The digital currency is currently trading at $119, and its market cap has surged to $12.61 billion over the past twenty-four hours.
The valuation of the entire digital currency market – which tested the high of $122 billion on the 9th of February – is now down to about $120.4 billion, according to coinmarketcap.com. Over the past twenty-four hours, the daily trading volume of all cryptos in the market is around $18 billion.
Among the top twenty digital currencies, Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Cardano (ADA), and NEO are the only digital currencies in the green. The highest gainer over the past twenty-four hours is Binance Coin, which is now on the 10th position with an increase of more than 3 percent over the past day. The digital currency is currently trading at $9.1 and its current market cap is $1.32 billion.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin (BTC) is currently changing hands at $5,603 after a decrease of about one percent over the past twenty-four hours. The current market cap of the digital currency is $63.53 billion and its trading volume over the past twenty-four hours is $4.98 billion.