New york: Growth was observed in major assets in the cryptocurrency market over the past 24 hours. The total market capitalization increased by 1.41% to $2.69 trillion.
According to Azeri-Press News Agency, the price of Bitcoin, the largest cryptocurrency by market capitalization, rose by 0.88% over the past 24 hours to $80,440. Bitcoin’s market capitalization amounted to $1.61 trillion. The price of Ethereum, the second-largest cryptocurrency by market capitalization, increased by 1.48% to $2,316, bringing Ethereum’s market value to $279.6 billion. BNB, which is among the top five cryptocurrencies, saw its price rise by 1.87% to $651.5.
The report further detailed that Monero’s price increased by 4.31%, Bittensor rose by 2.48%, while the CoinMarketCap 20 Index gained 1.74%. However, among gold-backed tokens, the price of PAX Gold fell by 0.17% to $4,706.6, and Tether Gold declined by 0.24% to $4,700.7.
According to analysts, optimism surrounding US-China trade talks, increased demand for risky assets, and continued interest from institutional investors in Bitcoin and Ethereum supported the rise in the cryptocurrency market.