The cryptocurrency market dawned on the rise this Thursday (25). Among the top 10 cryptocurrencies in the market, only Solana and Cardano performed below expectations.
Bitcoin, the largest cryptocurrency in capitalization and units, rose by 2.67% in the last 24 hours. Despite being far from the highest price on record, the currency has been slowly recovering since the early hours of yesterday. The current price of BTC is US$58,120.
Ethereum, the second largest cryptocurrency, also rose again. In 24 hours, the currency accumulated an increase of 2.51%, reaching the price of US$ 4,402. According to CoinMarketCap, the currency has already recovered about 5% of its value in the last 7 days.
Binance Coin, the third-largest cryptocurrency, rose 7.79% in the last 24 hours and became the highest recorded high among the majors. Just in the last 7 days, the BNB has risen more than 12%. The current price of the coin is $636.
The Avalanche currency has also risen considerably over the past 24 hours. According to CoinMarketCap, the currency rose by around 7%. The current price is US$ 127 and the accumulated increase for the week reaches 23%.
Cryptocurrencies like XRP, Dogecoin, and Polkadot also rose about 1%. However, Solana and Cardano performed below expectations. The Sol has fallen another 2% in the last 24 hours, while the ADA has oscillated between a high and a drop of at least 1%.
Cryptocurrencies bounce back amid regulatory news
Even after news from countries like India seeking to pass regulatory laws, Bitcoin has risen again. The initial idea of the country’s parliamentarians was the ban with few exceptions. However, the bill can still be modified.
Here in Brazil, lawmakers are looking for ways to regulate the use of cryptocurrency, but the ban is not yet a threat.
The global market capitalization of the cryptocurrency market rose 0.74 percent to the $2.59 trillion mark compared to the last day. The total market volume increased about 8% to US$ 103.67 billion
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