Bitcoin Surges To A 6 Weeks High While Crypto Market Cap Tops $1 Trillion

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	15,783,844,674	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

15,783,844,674

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0096	2.18%	0.450	0.4501	0.4502

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0096

2.18%

0.450

0.4501

0.4502

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4573	0.4179	0.4403	0.4404	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4573

0.4179

0.4403

0.4404

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:52:38	200.00	0.450	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:52:38

200.00

0.450

USD

Price x Volume	Volume	Base Symbol	Related Pairs
15,563,000.45	35,465,267.73	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

15,563,000.45

35,465,267.73

Bitcoin Surges To A 6 Weeks High While Crypto Market Cap Tops $1 Trillion

27/10/2022 3:14pm

NEWSBTC

Bitcoin price has remained around the $19K price for the previous few weeks, leaving crypto investors in a state of skepticism. The crypto market’s downturn can be traced to the increase in interest rates and several other factors. However, experts predict that the token will still witness a big bull run. Briefing On Bitcoin Price Movements BTC has been devoid of any significant volatility. This price movement continued to rise when the token soared sharply. After that, the sudden bullish trend brought it to its mid-September high. Since Bitcoin is the forerunner of all cryptocurrencies, several digital tokens like ADA, SOL, ETH, etc., also witnessed recent gains. The present look of the crypto market is pretty encouraging compared to its eyes in the last week. The sudden change in events pushed the overall market cap to $1 trillion. Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR Performed This Week In the past week, the world’s largest cryptocurrency had maintained short movements that appeared stagnant. However, at the time, it kept hovering around the $19K price levels. However, there was a notable move to the $18,600 price mark briefly. Unfortunately, this didn’t last, as the token returned to its raging price of $19K. BTC Move To $21K Price Mark At the dawn of Wednesday, there was a shift in the price movement of BTC. This was evident from its move to hit the $20K price mark. Dating from 20 days back up to now, the crypto market has lost approximately $100 million in liquidation. This was due to the drop in the price of the leading digital currency. But 12 hours ago, Bitcoin showed sharp movement to the $21K price level. However, it initiated this movement with a short retracement. What Does This Mean For Altcoins? The crypto market has not been quite promising for investors lately. The only gainers in the digital currency industry are the crypto traders. Most digital tokens have also maintained range-bound movements in the past weeks. Among the list of falling cryptocurrencies is Ethereum. The downturn of this token came as a shock against the prior expectations of investors after its Merge. For several days, Ethereum had remained at $1,300 from its initial $1,600. The dip in its price followed the sell-the-news event that took place at the time. But due to the recent price growth of BTC, the token and other altcoins seem to have gained some green bars. Related Reading: Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours These positive price movements have brought the crypto market cap to $1 trillion, while Bitcoin gets close to $400 billion. As per data, Ethereum trades at $1,553 – at the time of writing. On the other hand, BTC is currently trading at a price just over the $20,500 price mark. Featured image from Pixabay, Chart: TradingView.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ADAUSD Cardano