As Bitcoin (BTC) price gained over 8% to approach $56,000, top crypto prices witnessed a strong rise today, with some altcoins gaining significantly. Additionally, Ethereum rose above $3,200, the biggest milestone achieved in two years. Meanwhile, other top altcoins such as Cardano (ADA), XRP, Solana (SOL) increased in value.
Today, Bitcoin price surprised
Previously, the Bitcoin price rose above the $56,000 level in 2021. Bitcoin price increased by 8.63% to $55,960.08 as of Tuesday, February 27, when this article was written. On the other hand, transaction volume increased by 213.96% to 45.06 billion dollars in the last 24 hours. Meanwhile, the market value of the cryptocurrency was $1.09 trillion. There seems to be record investment in ETFs and the expectation of halving behind Bitcoin’s rise.
Moreover cryptokoin.com As we reported, the US company MicroStrategy announced that it bought 3,000 Bitcoins yesterday evening. This has the potential to affect the price. Looking at altcoins, the Ethereum price increased by 3.78% to $ 3,220.67 at the time of the news and had a market valuation of $ 386.96 billion. Meanwhile, the Binance Coin (BNB) price gained 3.59% and reached $ 399.15. In contrast, the 24-hour trading volume increased by 58.36% to 2.16 billion dollars.
Other altcoins also rose
Solana price approached the $110 level. Solana price increased by 6.27% to $109.80. Additionally, SOL increased by 215.36% in trading volume in the last 24 hours to $2.92 billion. Meanwhile, XRP price traded above the $0.55 level. XRP price increased by 2.98% and settled at $0.5553. Moreover, XRP’s transaction volume increased by 93.61% to $1.39 billion.
Meanwhile, Cardano price increased by 6.57% to $0.623 today. Additionally, ADA recorded an increase of 114.81 in 24-hour trading volume and settled at $712.62 million. As top crypto prices rose, the meme coin space followed suit. Dogecoin price increased by 5.42% to $0.09009, while its rival Shiba Inu gained 4.29% to $0.00001021.
Featured coins of the day: PEPE and PYTH
In other news, Pepe Coin (PEPE), a popular meme crypto, has seen a huge increase. Because it also emerged as the highest-earning cryptocurrency today. At the time of writing this news, Pepe Coin price increased by a huge 52.09% to $0.000002108 and its market value was $885.67 million. Additionally, 24-hour trading volume increased by 338.64% to $722.99 million.
Pyth Network (PYTH) has surged a phenomenal over 33% and emerged as one of the top crypto gainers today. PYTH price rose 33.71% to $0.7467 at the time of reporting. Additionally, trade volume increased by 493.44% to 314.11 million dollars. Moreover, PYTH cryptocurrency rose as high as $0.7488 amid today’s rally.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.