Bitcoin expects to rise to $ 58K limit

Bitcoin, the highest volume unit of the cryptocurrency markets, has surged to the $ 58,000 mark on the back of reports that US-based multinational bank JP Morgan Chase will set up a Bitcoin fund.

Ethereum, which was on the rise after the European Investment Bank’s announcement that it will issue 2-year bonds on the Ethereum blockchain, also rose to over $ 3,000.

Bitcoin expects to rise to 58K limit

The share of Bitcoin, whose share in the total market volume in the crypto money markets decreased below 50 percent for the first time since August 2018, fell below 48 percent on the first day of the new week, while Ethereum’s share is over 15.5 percent. .

Bitcoin, which fluctuated between $ 56,141.91 and $ 58,246.42 in the last 24 hours, rose 2.08 percent to $ 57,902.06, while the weekly earnings of the unit were calculated at 11.09 percent. Bitcoin’s total market volume also increased by about $ 25 billion to $ 1 trillion 84.79 billion.

Ethereum, the second largest unit of the cryptocurrency markets, also rose 4.36 percent in the last 24 hours to $ 3,044.43, while its weekly gain was 24.42 percent, and the unit’s market volume rose to $ 353 billion.

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Bitcoin’s market cap surpasses Alibaba, which is very close to Tesla

Binance Coin, the third largest unit of the cryptocurrency markets, also rose 3.00 percent in the last 24 hours to $ 626.79, while its weekly earnings were 18.28 percent, and the volume of the unit increased to $ 96.07 billion.

The total volume in all markets also increased to 2 trillion 265.85 billion dollars. With the rapid climb after institutional interest in the cryptocurrency markets, the total market volume exceeded $ 1 trillion for the first time on January 7, and $ 1.5 trillion on February 15 and $ 2 trillion on April 10.

With the effect of general purchases in the cryptocurrency markets, only nine units fell from the highest volume 100 units in the last 24 hours, while the top 10 units did not fall.

In 372 markets where a total of 9,531 cryptocurrencies are traded, 47.8 percent of the total market volume was Bitcoin and 15.6 percent Ethereum. 24-hour trading volume in all markets was at the level of $ 123 billion.