Crypto market goes up, Bitcoin & Ethereum recovers

After chaotic weeks of volatile crypto market, finally the major crypto showed some resilience today. Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Binance (BNB) went sky high trading today. Bitcoin and Ethereum jumped by 9% each.

The global cryptocurrency market capitalization rose up to $1.87 Trillion today. At the same time trading volume went up more than $90 billion. After chaotic weeks, Bitcoin finally regains strength in terms of global cryptocurrency market dominance recording 41.65%. During January we reported on how Bitcoin was quickly losing it’s market dominance.

BTC, the virtual currency is currently trading at $41,611. The world’s biggest and most famous cryptocurrency, is up by 23.2% from the year’s low $32,950.72 on January 24. While Ethereum went up by a massive 9.5% and currently trading at $3,012.35.

Where Crypto is heading?

In the recent months, we have seen that cryptos are moving along with tech-savy NASDAQ stocks. While the extremely volatile nature of cryptocurrencies will remain intact, traders remain hopeful of good re-bounce. The good news is that institutional investors are utilizing this opportunity by buying the dip.

MicroStrategy the US-based firm, has bought additional $25 million in Bitcoin. Michael Saylor, it’s CEO said that his company has bought additional 660 Bitcoin at an average price of $37,865.

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