Bitcoin has maintained its position near the level of $ 48,000 and Luna, the digital currency of the Terra protocol, has been able to increase its price record with a growth of 20%.
to the Report Crypto Potito Following the rise in digital currency prices over the past few days, Bitcoin has now calmed to near the $ 48,000 level. However, some of the quintals on the market today continued their upward trend, with Solana experiencing an 8% growth and Luna increasing its price record with a 20% jump.
The situation of the Altcoins market has always been upward in the last few days and after the fall of prices in the middle of last week. The news of the ban on digital currency-related businesses in China coincided with the fall of Ethereum to $ 2,900. However, since then, the price of this digital currency has risen more than $ 500 and peaked in a few weeks at $ 3,400.
Cardano also experienced a massive price drop in the middle of last week and was on the verge of falling below $ 2. Now, however, the price of this digital currency has reached close to $ 2.3. Bainance Coin was able to return to the level of $ 430, and the currencies of Ripple, Dodge Coin, Polkadot and Uniswap have also had limited price growth in the last 24 hours.
Solana has resumed its uptrend with an 8% jump to the $ 170 level. However, Luna, the main digital currency of the Terra Protocol, had the best performance among the most popular coins on the market and reached a historic high of $ 46 with a growth of 20%.
In the last 24 hours, OMG Network 36%, Arweave 20%, Qtum 16%, ICON 16%, Tezos 15%, Hedera Hashgraph 11%, Serum grew by 11 percent and IOTA by 10 percent.
The total value of the digital currency market is about $ 2.15 trillion, and this measure has grown by more than $ 300 billion since Friday.
The return of the digital currency market to an uptrend was due to Thursday’s jump in the price of bitcoin. The bitcoin market, which experienced a price below $ 41,000 for the third time last week, changed with the release of positive news from US officials.
On Thursday last week, US Federal Reserve Chairman Jerome Powell announced that the world’s largest country, in terms of GDP, did not want to ban digital currencies like China, and as a result, the price of bitcoin began to rise rapidly.
On the same day, the price of Bitcoin crossed $ 43,000, and in the following days, breaking the resistance of $ 45,000, reached its weekly peak above $ 47,000. Yesterday, the price exceeded $ 48,000, but soon after, it faced resistance at this level and fell again to the range of $ 47,000.
Today, however, the price has risen somewhat and is again close to $ 48,000. The market value of bitcoin is now just over $ 900 billion.