The global crypto market cap has risen by nearly 1 percent over the previous day to $2.5 trillion, according to coinmarketcap.com.
Bitcoin is up nearly 2.5 percent to $62,249. In the past week, crypto has gained around 10 percent.
Ethereum has witnessed a dip over the last day and is trading above $3,800. It has added nearly 10 percent in the last 7 days.
XRP has lost nearly 3 percent and is priced at $1.10, while Solana has shed around 2 percent and is trading at $161.
Polkadot and Dogecoin have increased over the last day and are at $42.87 and $0.24, respectively.
Bitcoin’s consolidation over the past few days has made investors hopeful of a higher move pretty soon as BTC surpassed the $62,000 mark over the past 24 hours, said Edul Patel, CEO, and co-founder, Murex.
“The rest of the cryptocurrency market remains watchful of the moves in BTC and ETH. The coming 24 hours are likely to be volatile for the crypto spectrum,” he added.
Over the weekend, the US’s Securities and Exchange Commission approved the first US bitcoin futures exchange-traded funds which will be launched today. This is a watershed moment for crypto, said CoinDCX Research Team.
“Other virtual currencies responded favorably as well, with Ethereum nearly reaching US$4,000 and Solana trading in the greens over the weekend. The launch of bitcoin futures ETFs will open crypto to a wider investor base, especially to crypto novices looking to enter the crypto market,” it added.
Cryptocurrencies are waiting to explode in India and Ashish Singhal, Co-founder, and CEO of leading crypto exchange CoinSwitch Kuber, aims to onboard at least 50 million users from India in the next two years, educating them around crypto investments and helping them create wealth.
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