The cryptocurrency market has gained momentum in recent hours. Leading cryptocurrency Bitcoin rose above 53 thousand dollars with a strong move. The leading altcoin Ethereum continues to move above 3 thousand dollars. Coinbase announced that it has added an altcoin to its listing roadmap. With the influence of this positive atmosphere, the token price jumped.
Coinbase adds to roadmap, altcoin price jumps
Coinbase announced that it has included Akash Network (AKT) in its roadmap for listing. Akash Network is a distributed peer-to-peer cloud computing marketplace that provides users with GPUs, including Nvidia H100s and A100s models, as well as consumer-grade chips that can handle compute-intensive workloads for training artificial intelligence and data science models. Coinbase,
With the help of the positive atmosphere in the market, the altcoin price made a vertical rise after Coinbase’s listing news. Thus, AKT jumped from $ 3.95, where it was traded during the day, to $ 4.31. At press time, the token was trading at $4.24, up 3.24% on a daily basis.
Bitcoin reached a 26-month high, $200 million was liquidated
cryptokoin.comAs you follow from , the price of the leading cryptocurrency has experienced a sudden rise. BTC jumped above $53,500, increasing by more than 2.5 thousand in minutes. Thus, it reached a 26-month high. Meanwhile, altcoins also turned green. ETH climbed above $3,100. Additionally, BNB approached and briefly exceeded $400 for the first time since May 2022.
BTC failed to overcome $52,000 over the weekend despite several attempts by the asset. Therefore, Bitcoin fell to $51,000. Moreover, this level of consolidation appeared likely to continue. However, this was not the case. The bulls took control of the market minutes ago. Thus, it started a massive rally that caused BTC to rise by nearly three thousand dollars. As a result, the cryptocurrency jumped to $53,750 (on Bitstamp) for the first time since December 2021. Despite losing some ground since then, BTC is still trading above $53,000. Additionally, the market cap increased to $1.050 trillion.
Many altcoins also turned green. Ethereum, which surpassed $3,100 earlier today, is now trading above $3,150 after a 3.5% daily increase. Binance Coin also briefly surpassed $400, reaching a new multi-year high. MATIC, NEAR, XMR and INJ are up more than 5% on a daily scale. According to CoinGecko, this volatility has caused pain for overleveraged traders. Because the 24-hour value of all debris positions increased to 172 million dollars. Naturally, the majority of these come from short positions.
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