Wed. Apr 17th, 2024

Bitcoin is back above $21,000 after a small price drop. According to Coingecko data, BTC was valued at $21,083 at 12:59 am UTC on Jan 14.. Its market capitalization was reached $403 billion, representing a rise of 12% in 24 hours. Know the details!

Cryptocurrency market performance.

The current performance of Bitcoin has contributed to the overall growth of the cryptocurrency market. The entire crypto market capitalization increased by 8% in the last 24 hours, and now has a market capitalization of $1.02 trillion dollars. This means that both Bitcoin and the entire crypto market outperformed the stock market today. The Dow Jones rose 0.3%, while the S&P 500 rose just 0.4%.

Altcoin performance compared to Bitcoin.

However, some altcoins have seen modest growth compared to Bitcoin. Ethereum was up 9.8%, while XRP, BNB, and Polygon gained close to 6% each. Although the performance of these cryptocurrencies is not as impressive as that of Bitcoin, they still experienced significant growth compared to the stock market.

To end.

In general, the crypto market has experienced a bullish trend in the last 24 hours. Bitcoin price surpassing $21,000 and its market capitalization rising to $403 billion. Despite the fact that there were no major events that could have had an obvious positive effect on investor activity, the change in investor sentiment may be due to a lack of bad news and the fact that major crises like the FTX crash are fading into the past. However, it remains to be seen if the crypto market will continue with an uptrend.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.