It was helped by a surge of institutional interest in cryptocurrencies in the United States
And positive comments from Powell
Bitcoin broke through an important $30k resistance level for the first time since April. It is now trading at 30,329. The king of cryptocurrencies gained over 5% in a day. And over 20% for the week.
Ether rose 6% to $1893. It added 14.79% in 7 days.
EthereumETH
Price:
$1,914.84
5.81%
24h Volume:
$3.8b
Buy
All other top 10 cryptocurrencies (except stabelcoins) also show green charts. ADA Cardano coin jumps 8% to $0.287. Litecoin is trading at $85.28 (up 7%). Токен Ripple XRP$0.51552006XRPLXRP3.68% Market cap $26.8b Vol. 24Н $714.6m Exchange partner
подскочил на 5,10% до $0,5217. By the way, this was helped by the news from Ripple Labs – they received approval in Singapore to provide digital payment services.
The BNB$253.66BNBBNB0.93% Market cap $39.5b Vol. 24H $513.3m Exchange partner
– it added about 1% for the day and 7% for the week. Binance’s native token now stands at $254.
The total capitalization of the cryptocurrency market rose 4.96% to $1.19 trillion, and trading volume rose 35% to $59.5 billion.
As we wrote yesterday, the cryptocurrency rally began after news from major U.S. firms. They have massively begun to show interest in introducing BTC into institutional services. Three giants – BlackRock, WisdomTree and Invesco – submitted their bids for bitcoin-BTC.
BitcoinBTC
Price:
$30,232
5.4%
24h Volume:
$12.3b
Buy
Crypto-market confidence was indirectly supported by Powell during congressional hearings yesterday. He said that cryptocurrencies, such as Bitcoin, have “endurance” as an asset class. The Fed chief also said the central bank plans to use Stablecoins for certain payments.