An increase is being observed in most major assets in the cryptocurrency market, APA-Economics reports, citing data from the CoinMarketCap platform.
The price of Bitcoin has increased by 1.41% over the past 24 hours to $86,864.56.
The price of Ethereum rose by 1.40% to $2,778.44, BNB increased by 0.78% to $795.20, while Solana gained 2.02% to reach $119.25.
A higher increase was recorded in Bitcoin Cash. Thus, the price of this cryptocurrency increased by 27.50% over the past 24 hours to $338.93. Zcash rose by 10.32% to $1,603.57.
Although the price of Monero decreased by 0.48% to $570.70, it has increased by 12.39% over the past seven days and by 36.64% over the past 30 days.
The CoinMarketCap 20 Index rose by 1.63% over the past 24 hours to 180.65 points. Bitcoin's market capitalization, meanwhile, approached $1.74 trillion.
Analysts say the growth in the cryptocurrency market is linked to increased investor interest in risky assets, positive dynamics in global financial markets, and growing demand for digital assets. However, volatility in the market is noted to remain high.
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