An increase has been observed in the cryptocurrency market over the past 24 hours, APA-Economics reports.
The price of Bitcoin on the CoinMarketCap platform rose by 1.95% over the last 24 hours to 77,122 US dollars. Ethereum increased by 1.79% to 2,284 US dollars, while BNB rose by 0.34% to 617 US dollars.
Additionally, the price of Bitcoin Cash increased by 0.09% to 443 US dollars over the day, while Monero rose by 1.93% to 382 US dollars. Zcash climbed by 4.91% to 347 US dollars, and Bittensor increased by 1.88% to 254 US dollars.
An increase has also been recorded in gold-backed cryptocurrencies.
The price of PAX Gold rose by 0.95% to 4,601 US dollars, while Tether Gold increased by 0.83% to 4,599 US dollars.
Overall, the total capitalization of the cryptocurrency market increased by 1.48% over the past 24 hours to 2.57 trillion US dollars.
The growth in the market is mainly explained by the technical recovery observed in recent days and the return of large investors to the market.