The crypto market cap is up by nearly $100 billion as bitcoin shot up to $42,000 and Ethereum exceeded $2,900.
After dipping to $40,000 yesterday, bitcoin went on the offensive and tapped $42,000 to mark a near 10-day high. The altcoins have also turned green today, with Ethereum eyeing $3,000 and Avalanche soaring by over 9%.The primary cryptocurrency experienced enhanced volatility last week when it suddenly pumped by $3,000 in minutes from $39,000 to nearly $42,000. However, the situation reversed shortly after, and the asset retraced just as quickly to its starting level.
its plans to raise the interest rates by 25 basis points. Consequently, bitcoin slid once again and dropped by around $1,000.remained around and aboveHours ago, though, bitcoin initiated another leg up by briefly exceeding $42,000 for the first time since March 10. As of now, the asset stands just under that level, and its market capitalization is close to $800 billion.This is all you need not to miss any price action in the raging crypto markets.
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