Cryptocurrency price today: Bitcoin up 4%; Ethereum, Solana gain 5% as crypto markets recover

Cryptocurrency prices are back in the green this Tuesday morning. The global cryptocurrency market cap has risen 3.67 percent and the global cryptocurrency market cap is $957.05 billion, albeit still below $1 trillion. Total cryptocurrency market volume in the last 24 hours is $79.13 billion, marking a 50 percent increase from Monday’s levels. The volume of all stablecoins is $73.11B, 91.71 percent of the total crypto market 24-hour volume.

Bitcoin, Ethereum and BNB

Bitcoin, Ethereum and BNB are also back in the green in the last 24 hours.

Bitcoin is trading at $19,786 and is up 4.76 percent. Ether, the native crypto of the Ethereum blockchain network rose 5.18 percent to trade at $1,371. The native cryptocurrency of the Binance Smart Chain, BNB, witnessed an uptrend of 2.14 percent.

Stable coins

Stablecoins did not show much volatility and remained pegged at $1.

USDT Tether stablecoin fell 0.01 percent in value in the last 24 hours and is trading at $1. The USDC stablecoin fell 0.01 percent to trade at $1.

Stablecoin DAI rose 0.07 percent and is trading at $1. BinanceUSD or BUSD witnessed a 0.06 percent positive change in value in the last 24 hours. The stablecoin trades at $1.

Layer 1 blockchain tokens

Cryptos native to Layer 1 blockchain networks such as Solana, Avalanche and Cardano have also shown positive movement while Ripple has shown negative momentum in the last 24 hours.

Solana blockchain’s SOL witnessed a rise of 6.55 percent, while Avalanche’s AVAX increased by 3.22 percent. Cardano’s ADA showed a 2.25 percent uptrend.

XRP Ripple fell 3.25 percent.

Polka dot and polygon

Polkadot’s native cryptocurrency, DOT, and Polygon’s native crypto token, MATIC, showed positive momentum.

The DOT token is up 5.51 percent and Polygon’s MATIC crypto token is up 3.66 percent in the last 24 hours.

Memecoins

Memecoins showed positive momentum. Dogecoin is up 0.86 percent, while meme crypt Shiba Inu has risen 1.62 percent in the last 24 hours.

Overall, the majority of top cryptocurrency tokens have witnessed a rally from their previous positions over the past 24 hours.

Also read: Cryptocurrency price today: Bitcoin up 4%; Ethereum, Solana Gain 5% As Crypto Markets Recover – BusinessToday

Also Read: Cryptocurrency Price Today: Bitcoin at $18,000, Ethereum at $1,300; Crypto markets remain red – BusinessToday