Crypto Markets Surge With Significant Gains - AutoTrading Strategies

Trading News

Read The Latest News & Analysis

Crypto Markets Surge With Significant Gains

Crypto Surge
Share on:

Crypto markets surge on Thursday, January 4th taking the total market cap for crypto above a Trillion USD one more time. 

All digital coins are having significant gains of 5-20% in the past 24 hours. The price of bitcoin is near $38K. Whereas, ether has made history today by hitting the all-time high value of $1,697. Currently, the price is slightly down to $1,670.

For investor’s delight, digital coins are bullish since Wednesday. The price of BTC had a 5.5% jump yesterday taking it above $37K. The total crypto-economy is highest ever with worth $1.14 Trillion at the moment.

Source: CoinMarketCap

Bitcoin’s Share:

Crypto markets surge in response to bitcoin’s upward rally. This currency is responsible for $70 Billion in the total market cap. The current price of BTC is $37,850 with the gains of 4.2% in the past 24 hours. On the whole, the bitcoin price has increased by 20% in the week. Supporters of crypto are positive that the currency will hit the $40K marker very soon.

Bitcoin Chart
Source: Trading View

The institutional support, investors’ confidence and social sentiments are responsible for the second phase of bitcoin bull rally.

Ethereum’s Share:

Ethereum released an update in 2020. With ETH 2.0 in business, analysts expected 2021 to be the year of ETH. Certainly, we have an excellent start here.

The price of ether entered triple figures in December 2020. It secured a spot in the top 100 assets of the world in January. Moreover, this week Ether has reached the all-time high value.

Source: Trading View

Ethereum offers much more than a medium for value exchange. It is a decentralized platform where business owners can build their own applications using smart protocols. This utilization factor will take ether’s price to the next level in the coming months.

Crypto’s bullish rally will once again make the news attracting new investors. This will likely decrease the volatility of the market. Thus, we can expect the cryptocurrency industry to hold strong footing this year in the financial arena.

Recent News

crypto market

Citizens Can Now Buy DOGE From 1,800 ATMs in the US

Dogecoin ATMs are operating in 45 out of 50 states of the US There are more than 1,800 ATMs allowing users to buy DOGE The popular meme coin crypto is now up for purchase in

crypto market

Bitcoin is Rising Again After Falling to Lowest In 20 Days

Bitcoin is rising again after having the biggest plunge in price in 20 days The start of the month saw a more than 8% increase in bitcoin price The fresh gains come as

crypto market

Google Finance Adds ‘Crypto’ Tab Featuring BTC, ETH, and LTC

Google finance has added the 'crypto' tab in its financegooglecom domain It is a mark of crypto's inclusion in mainstream finance  The crypto tab in the 'compare market'

crypto market

Institutions Buy The Dip As Bitcoin Crashes Below $45K

Bitcoin crashes below $45K as institutions continue to buy the dip The largest weekly cryptocurrency pullback since march is ongoing in the market BTC slipped to $44,279 at

Let's Chat