The Major Cryptocurrencies within the Crypto-verse are experiencing a Rebound

Cryptocurrency News

In the running week, the overall cryptocurrency sector has started experiencing a rebound after a long downtrend. If you have been connected with the cryptocurrency industry, you would know how badly it had been performing.

The overall performance of the cryptocurrency industry since the beginning of 2022 has been awful. This is the reason why the cryptocurrency industry has been losing a lot in the form of trust, investments, user base, and reputation.

However, it seems that finally, the cryptocurrency sector has started moving in the higher zone. Although the elevations are not much but they are still noteworthy. This is because, since the start of 2022, the major cryptocurrencies haven’t experienced the surges they have experienced from the start of the running week.

It is now time to look at the performances of the major cryptocurrencies such as BTC, ETH, BNB, and see how much they have gain in the past 24-hours.

Bitcoin (BTC) – 4.59% Price Surge

It would be injustice if I talked about the major cryptocurrencies and didn’t talk about the largest cryptocurrency by valuation.

As of now, Bitcoin’s trading price is worth $32,096.23 and its transaction volume is also at $39,068,914,546. The all-time high BTC has hit is worth $68,789.63 and its price has dipped by 32.67% from that mark. On a weekly performance scale, BTC has gained 9.29% growth.

The situation for Bitcoin may continue growing favorable for the bulls. The investors are growing positive due to the backing of several positive factors. These factors include stock exchange market recovery, lowering of inflation and interest rates, and support of mainstream institutions.

Ether (ETH) – 2.18% Price Surge

At the time of writing, ETH’s trading price is worth $1,954.51. ETH has recorded a 2.19% spike in its value in the past 24-hours. The trading volume for ETH is at $20,538,226,158. The market valuation for ETH has also surged by 2.18% and it is currently sitting at $237,950,972,022.

The all-time high ETH hit was $4,891.70 and from that point, its price has dipped by 47.83%. The weekly growth observed by ETH is 0.02%.

There is very strong anticipation in the ETH community due to the upcoming launch of the Merge. With the launch of the Merge, the issue with scalability, volume, and fee rates of the transactions will be resolve. This would support the trading price of ETH in the upcoming days.

BNB (BNB) – 2.79% Price Surge

The trading price of BNB is currently at $322.33 and in the past 24-hours, BNB’s price has surged by 2.75%. The 24-hour trading volume for BNB is worth $1,925,635,117. The overall market valuation for BNB is currently sitting at $52, 742,490,029.

The all-time high BNB hit was worth $690.93 and from that point, BNB’s price dipped by 38.75%.

Leave a Reply

Your email address will not be published.