Price increases have been observed for major assets in the global cryptocurrency market, APA-Economics reports, citing data from CoinMarketCap.
The total market capitalization increased by 3.30% over the past 24 hours, reaching $2.51 trillion.
The price of the leading cryptocurrency Bitcoin rose by 2.92% over the past 24 hours, reaching $73,629. Ethereum also increased by 7.56%, reaching $2,259.
Price increases were also recorded in other major cryptocurrencies. The price of BNB rose by 3.68% to $683, Bitcoin Cash increased by 1.45% to $472, while Monero rose by 1.58% to $361.
At the same time, different dynamics were observed in gold-backed tokens. Thus, the price of PAX Gold decreased by 0.23% to $5,008, while Tether Gold fell by 0.09% to $4,986.
Meanwhile, Bittensor, a cryptocurrency associated with the artificial intelligence sector, increased by 3.31% over the past 24 hours, reaching $276.
According to analysts, one of the main reasons for the price increase in the market is the renewed rise in investors’ interest in risk assets and the growing inflow of capital into some altcoins. At the same time, the increase in the overall market capitalization and the strengthening of purchases in major cryptocurrencies are also contributing to the rise in prices.
