Bitcoin Skyrockets, Altcoins Follow Suit

Bitcoin and Ethereum See Profits, Crypto Market Reaches $2.47 Trillion

The cryptocurrency market is on the rise, with Bitcoin and Ethereum both seeing profits. Bitcoin is currently trading at $69,535 on international exchanges and $72,680 on national exchanges, reflecting a profit of over three percent. Ethereum, on the other hand, is trading at $2,986 with a gain of nearly two percent.

Other cryptocurrencies such as Solana, Dogecoin, Avalanche, Polkadot, Chainlink, and Near Protocol have also recorded profits. Meanwhile, Tether, Ripple, Cardano, Tron, Shiba Inu, Bitcoin Cash, and Litecoin have logged losses.

US Senator Cynthia Lummis has proposed for the US government to purchase one million Bitcoin to help reduce the national debt. Michael Saylor, co-founder of MicroStrategy, has predicted good growth for BTC in the coming years, contributing to the ongoing bull run.

The crypto market cap has risen by 3.23 percent in the last 24 hours, with Bitcoin and Ethereum dominating at 55.5 percent and 16.3 percent respectively. The market cap currently stands at $2.47 trillion, indicating growing confidence among investors.

It’s essential to note that cryptocurrency is an unregulated digital currency and subject to market risks. The information provided here is not financial advice. NDTV shall not be responsible for any losses arising from investments based on this information.

Overall, the cryptocurrency market is showing positive momentum, with Bitcoin and Ethereum leading the way in profits. As the market continues to recover from a recent correction, investors are keeping a close eye on the growing market cap and the potential for future growth.

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