The cryptocurrency market made a welcome comeback on Saturday, April 20, with a surge in the prices of leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This positive change comes after a period of volatility that left many investors nervous. So how did altcoins react to this?
Bitcoin rises above $64,000
As we reported as Kriptokoin.com, Bitcoin completed its fourth halving event at night. At this point, Bitcoin, the undisputed king of crypto money, led the attack by rising above the psychological barrier of $ 64,000. At press time, BTC was trading at $64,188.42, reflecting a 2.81% gain in the last 24 hours. While this is a positive sign, it is important to note that Bitcoin trading volume fell by 6.04% to $41.24 billion. Despite the low volume, Bitcoin’s market cap remains strong at $1.26 trillion.
Following Bitcoin’s lead, Ethereum also experienced a healthy price increase. ETH rose 2.01% to $3,062.56. However, similar to Bitcoin, Ethereum’s transaction volume dropped by 11.65% to $16.25 billion.
Altcoins participated in the rally
The positive sentiment has extended beyond Bitcoin and Ethereum, with other major altcoins experiencing notable recoveries. Binance Coin (BNB) increased its price by 3.10% to $560.27. Interestingly, BNB’s trading volume dropped to $1.03 billion, a significant decrease of 32.48% in the last 24 hours. Solana (SOL) also took advantage of the market rally and exceeded $140. SOL closed the day with a 3.24% gain at $144.22. While the price increased, Solana’s trading volume decreased by 13.27% to $4.59 billion.
XRP (Ripple) also joined the party, exceeding $0.51. XRP price increased by 4.80% to $0.5118. However, similar to other altcoins, XRP’s trading volume decreased by 4.26% to $1.74 billion. Cardano (ADA) performed strongly, rising an impressive 8.66% to $0.4836. Interestingly, unlike most other coins, ADA’s trading volume increased by a significant 10.27% to $539.04 million in the last 24 hours.
Meme coins are on the rise
The positive sentiment has even spread to the popular meme coin industry. Dogecoin (DOGE) rose 5.36% to $0.1567. Its rival Shiba Inu (SHIB) also mirrored the trend, gaining 5.39% and settling at $0.00002317. Solana-based meme coin Pepe Coin (PEPE) also benefited from the market recovery. At the time of writing, the PEPE price was up 4.42% to $0.000005194 and its market cap was $2.18 billion. Interestingly, PEPE’s trading volume increased slightly by 1.50% to $632.56 million.
While most of the major cryptocurrencies are making good gains, Arweave (AR) has emerged as the real champion today. AR is the top crypto gainer, up almost 17%. Arweave price increased by 16.79% to $28.68, reaching $94.72 million, driven by a massive 56.11% increase in trading volume. The recent recovery in the crypto market has brought a sigh of relief to investors. However, it is important to remember that the market continues to be volatile. While this upward trend is encouraging, it is vital to conduct thorough research before making any investment decisions. You can see the highest risers among the top 10 coins by market value in the image below:
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.