Cryptocurrency prices today: Bitcoin rises over $47,000 as buying momentum stregthens – India Today

Bitcoin's value has jumped over $47,000 after improvement in buying sentiment. (Photo: Reuters)

Cryptocurrency prices improved over the past 24 hours as buying momentum surged in the wake of improving investor sentiment. The values of most cryptocurrencies have rebounded after a period of volatility.

Bitcoin, the worlds largest cryptocurrency, crossed $47,000 or 2.95 per cent higher than its value 24 hours ago, at 12:50 pm. Bitcoins market capitalisation jumped to $885 billion and the 24-hour trading volume remained stable at $1.03 billion.

The largest altcoin Ether also rose 2.41 per cent compared to its value 24 hours ago. It was trading at nearly $3,400 and its market capitalisation increased to $397.41 billion. The 24-hour trading volume was, however, lower at $793 million.

Cryptocurrency highlights | Check yesterday's prices

A majority of altcoins saw further improvement in their valuation over the past 24 hours and only some like Cardano and Polkadot struggled to gain momentum.

Commenting on the broad-based recovery, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, We are witnessing a solid buying momentum across the cryptocurrency markets.

"After consolidating for some time, the markets are now inching closer towards their highs for the day. Bitcoin went past the $47,000 mark before facing a pull-back, he added.

The largest altcoin, Ethereum, went past the $3400 level. The star performers of the day were Uniswap and Chainlink. Both of these tokens were under a lot of bearish dominance for quite some time.

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

47,145.80

3.19%

$887.10

$1.03 billion

Ether

3,396.93

2.61%

$398.23

$793.31 million

Dogecoin

0.240800

1.57%

$31.58

$844.12 million

Litecoin

181.69

1.43%

$12.45

$98.92 million

XRP

1.09

0.92%

$108.97

$3.39 billion

Cardano

2.39

-0.88%

$77.18

$292.40 million

DISCLAIMER: The cryptocurrency prices have been updated as of 01:10 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.

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Cryptocurrency prices today: Bitcoin rises over $47,000 as buying momentum stregthens - India Today