May 10, 2024

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Ethereum breaks $3,000, market rises

Ethereum breaks $3,000, market rises

The cryptocurrency market rose again today. This is partly due to: Ethereum (ETH), which today broke an important barrier of $3,000. Over the past 24 hours, the value of the second largest coin on the market has increased by 2%. Bitcoin On the other hand, BTC fell today but is currently recovering.

The price of Bitcoin is confined to a narrow range, and the cryptocurrency market is in a state of tension

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A look at the crypto market

Bitcoin is currently priced at €47,600 on the Dutch cryptocurrency exchange Betfavo. On the stock exchange located in Dubai Bybit is powered by SATOS This brings the price to $51,600. The coin's trading volume currently stands at $16.1 billion. It has a market capitalization of $1.082 trillion, and currently represents 48.4% of the market.

The total market cap, i.e. the value of all cryptocurrencies together, is currently $2.091 trillion. This has risen by 1.3% in the past 24 hours. This means an increase of $28 billion. Total trading volume increased by 2%, reaching $60 billion.

Fastest climbers, including chart

The three fastest rising cryptocurrencies in the top 50 are:

  • Chart (GRT) rose 7.3% in 24 hours;
  • Mantle (MNT), up 6.6% in 24 hours;
  • Filecoin (FIL) price rose 5.1% in 24 hours.

Of the three, Filecoin had the best week, rising 34% in the past seven days. On the other hand, the chart offers the best performance on the monthly chart, with an increase in value of at least 86% in the last month.

The hardest to fall, including Uniswap

The value of Uniswap rose sharply the day before yesterday and almost doubled within a few hours. The price appears to have slowed somewhat from that huge increase, with a 4.4% decline over the past day. Bittensor (TAO) price is also down today, by 4.2% in the past 24 hours. However, both are still up tens of percent over the past month.

Bitvavo is offering €10 worth of cryptocurrency for free

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Crypto Radar: Bitcoin and Cryptocurrencies Decline After Disappointing Inflation Numbers

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Today's top crypto news

Among the most important articles that appeared today on the Crypto Insiders website, Relates to email traffic between Satoshi Nakamoto and others. Hundreds of emails between the founder of Bitcoin and a developer named Marti Malmi were recently revealed.

A huge amount of interesting information has been extracted from this so far. The new discovery is that Nakamoto was very impressed with the first concept of XRP. According to Nakamoto, XRP, still in its early stages, was a respected token:

“In terms of trust systems, Ripple is unique in spreading trust rather than concentrating it.”

Do you want to stay one step ahead of the market? Join our vibrant Discord community With over 9000 members! Here you can easily discuss the latest cryptocurrency trends and forecasts.


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