The value of major assets in the cryptocurrency market has continued to increase over the past 24 hours, APA-Economics reports, citing CoinMarketCap.
The price of the market’s leading cryptocurrency, Bitcoin (BTC), increased by 0.43% over the last 24 hours, reaching $74,126.37. Over the past 7 days, BTC’s price has risen by 5.62%, with its market capitalization standing at $1.48 trillion.
A higher increase was observed for Ethereum (ETH). Over the past 24 hours, the price of ETH rose by 1.94%, reaching $2,307.28. On a weekly basis, the increase amounted to 12.66%.
Among other assets in the top ten, the price of BNB decreased by 1.33% over the past day to $674.47. Bitcoin Cash rose by 0.39%, while Monero increased by 2.64%.
Minor changes have been recorded in gold-backed digital assets. The price of PAX Gold increased by 0.36% to $5,022.30, while the price of Tether Gold rose by 0.31% to $4,993.91.
Among the assets showing higher weekly growth, Bittensor stood out. The price of TAO increased by 42.18% over the past 7 days, while the price of Zcash rose by 20.41%.
According to analysts, the daily increase in the market is mainly linked to a partial recovery in risk appetite, signals of stabilization in global financial markets, and a renewed rise in institutional investor interest. At the same time, declines in some altcoins are explained by profit-taking and investors rebalancing their portfolios.
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