After the weak got off to a sluggish start, the cryptocurrency market recovered on a broad basis on Tuesday. Popular cryptocurrencies like Bitcoin, Ether and Dogecoin are trading much higher than they were 24 hours ago. Check out the latest crypto prices and trends.
The two most popular cryptocurrencies Bitcoin and Ethereum recovered strongly on Tuesday. (Photo: Reuters)
The cryptocurrency market saw a broad-based recovery on Tuesday as the value of all popular virtual coins spiked after the sluggish start to the week.
At 9:50 a.m., Bitcoin was getting closer to $ 37,000, an increase of over 6.5 percent from its value 24 hours ago. The smaller rival Ethereum (Ether) has recovered strongly by over 14 percent.
The rebound began Monday evening when Ether rose more than 8 percent to $ 2,587. It is now trading over $ 2,600. However, it still remains nearly 40 percent below the record high it hit in early May.
Cryptocurrency Highlights | Check prices and trends on Monday
Bitcoin also gained as the cryptocurrency surged 3.7 percent to $ 36,977 in quiet trading in the London and US holiday-closed markets. A good sign for investors is that Bitcoin has been less volatile in the past few days, but is still down more than 35 percent this month.
The most popular cryptocurrency is currently trading at levels last hit in February and around half of its high of $ 65,000 in April.
The value of other popular cryptocurrencies such as XRP (Ripple), Dogecoin, Cardano, Chainlink and Litecoin has also increased significantly and recorded an increase in value of at least 11 percent.
Today’s rebound is good news for crypto holders who have been grappling with mounting volatility spells for the past few weeks. In view of the regulatory hurdles, however, it remains to be seen whether the virtual coin market can hold onto its profits.
Here are the latest prices and trends for popular cryptocurrencies:
|Cryptocurrency||Price (US dollars)||
24 hour change
Market Capitalization (Billion)
Volume (24 hours)
|Bitcoin||36,906.58||7.27%||$ 691.00||$ 38.22 billion|
|Ethereum (ether)||2,653.88||15.01%||$ 308.13||$ 44.16 billion|
|Dogecoin||0.331053||11.98%||$ 42.94||$ 4.56 million|
|Litecoin||184.45||11.39%||$ 12.51||$ 7.61 million|
|XRP (ripple)||$ 1.04||16.25%||$ 104.37||$ 7.02 billion|
|Cardano||1.73||11.13%||$ 55.65||$ 19.00 million|
(DISCLAIMER: The cryptocurrency prices were updated from 10:10 am and change during the day. The list is intended to give a rough overview of popular cryptocurrency trends and is updated daily.)
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