The global crypto market has risen by 1 over percent to $2.53 trillion over the last day, according to data from coinmarketcap.com.
Bitcoin has increased over 2 percent and is trading close to $64,000. In the past week, the crypto has added 14 percent.
Ethereum has gained around 1 percent and is priced above $3,800. It has gone up 10 percent in the last 7 days.
XRP and Polkadot have both increased nearly 1 percent over the previous day. They are trading at $1.11 and $41.51, respectively..
Dogecoin has shed over 1 percent in the last day but gained more than 6 percent in the previous week. It is priced at $0.24.
BTC reached a new all-time high on the heels of ETF excitement. After bursting through the $66,000 barrier, Bitcoin was briefly trading above $67,000, said Zebpay Trade Desk.
“The market has been in the green for multiple trading sessions over the last few days, which is a good sign, indicating that the fundamental belief and sentiments are positive. The pace of news is frenetic, but all positive,” it added.
Bitcoin rallied to a record high after a strong debut by the first US exchange-traded fund investing in Bitcoin futures stoked optimism about the digital asset’s outlook.
The NFT market is going through a major correction in the last two weeks, and we can expect the market to correct more in the next few weeks because of the ongoing rally in Bitcoin, said Hitesh Malviya, Founder, itsblockchain.com.
“NFTs are bullish in the long term, and we can expect a huge surge in demand after Coinbase opens the NFT marketplace by the end of the year,” it added.
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