The price of Bitcoin has been gradually growing lately, thanks to which the most popular cryptocurrency in the world has managed to overcome the psychological mark of $90 thousand per coin. The last time the cryptocurrency rate reached such values was March 7, that is, about six weeks ago.
Image source: Unsplash, André François McKenzie
Bitcoin has gained 3.3% in the last 24 hours, bringing its weekly gain to 7.3%. According to CoinGecko, Bitcoin’s market share currently stands at around 61.6% and has continued to grow in recent days. This indicates that the most popular cryptocurrency is outperforming the altcoin market. According to the same source, Bitcoin’s dominance has reached a 4-year high, indicating a high level of investor confidence in the cryptocurrency.
As for altcoins, many of them are also showing growth. For example, the Ethereum rate increased by 1.5%, XRP by 1%, and SOL and DOGE added almost 4% each. The total capitalization of the cryptocurrency market has remained almost unchanged over the past 24 hours and amounts to about $2.75 trillion. The volume of digital asset trading over the same period reached about $87 billion.