The whole cryptocurrency market seems to have regained its previously lost momentum as all the coins are pictured painted in green, adding on to the investors rejoice. This comes across as a positive wave as the market has not only managed to hold on to its support but also rise after one of the most prolonged bear market.
The bull rally started at the beginning of this week, with majority of the coins witnessing a rise in double digits. Now, Bitcoin [BTC], the largest cryptocurrency by market cap, is also seen taking part in the race as the coin has breached the $4000 mark.
According to CoinMarketCap, at press time, Bitcoin was trading at $4118.37 with a market cap of $72.29 billion The coin records a trading volume of $8.29 billion and records a hike of over 13% in the past seven days and 3% in the past 24 hours.
To add on, the coin’s trading volume also records a significant rise of over a billion in the past 24 hours. The highest trading volume recorded on BitMEX for BTC/ USD pair. The second highest volume is pictured on CoinBene for BTC/ USDT trading pair and the third spot is occupied by OEX for BTC/ USDT trading pair again. The other exchanges in the top five includes EXX and BW.
Along with Bitcoin, Ethereum [ETH], the second largest cryptocurrency by market cap, is also actively participating in this rally. The coin is currently valued at $156.98 with a market cap of $16.47 billion. The coin has a trading volume of $4.18 billion and records a rise of over 27.02% in the past seven days. To add on, among the top ten cryptocurrencies, Ethereum is currently pictured leading with a rise of over 5% in the past 24 hours.
Whereas in the top 20, Maker [MKR] has surpassed the second largest cryptocurrency. The coin is currently trading at $718.54 with a trading volume of $2.26 million. The cryptocurrency has witnessed a surge of over 40% in the past seven days and more than 9% rise in the past 24 hours.
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Bitcoin [BTC] and other cryptocurrencies push cryptocurrency trading volumes to a record high
Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.