Over the past 24 hours, Bitcoin price has surpassed $ 40,000, dragging many large-cap altcoins, pushing market cap to record. At press time, BTC is trading around $ 38,805, recording a 15% gain over the past 24 hours. This morning, Bitcoin stood at $ 39,096, up 1.67%, or up to $ 613.3. Over the last 24 hours, Bitcoin was trading between $ 38,293 and $ 40,999 as the lowest and highest.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin price today is bright, many Altcoins have increased sharply
Bitcoin has been skyrocketing in the past 48 hours, propelling its capitalization to over $ 728.5 billion. Data from CoinMarketCap shows that the volume of Bitcoin transactions over that period was $ 71.8 billion, with a market capitalization of $ 728.5 billion.
As of the past week, the Bitcoin price has increased by 13.5%. According to economist Mike McGlone at Bloomberg Intelligence, this leading virtual currency could aim to record $ 50,000, equivalent to a capitalization of $ 1,000 billion.
Observing market movements, it can be seen that Bitcoin continued to have a volatile trading week, thanks to the support of billionaire Elon Musk. Specifically, Musk has posted many posts on Twitter about Dogecoin, creating buying force that will help the virtual currency capitalization exceed $ 6 billion.
Major influencers who support Bitcoin, like Musk, argue that the cryptocurrency is being adopted in the financial community.
However, there are still many people who constantly warn that the volatility of virtual currency can cause investors to lose all.
Returning to market movements, Bitcoin’s sharp rise caused Cardano to rise 17.18% to $ 0.631. Binance Coin also increased 9.6%, Bitcoin Cash increased 2.5%, Litecoin increased by 1.65% …
Total market capitalization currently stands at $ 1,194 billion, and global trading volume over the past 24 hours is $ 164.3 billion.
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