On the first day of 2019, the crypto market experienced a surge with Bitcoin breaking the $45,000 mark for the first time in 20 months. This price spike coincided with the US Securities regulator preparing to approve spot Bitcoin exchange-traded funds.
Bitcoin’s price rose from $42,000 to $45,373 in the last 24 hours, marking a 7% increase. Its market capitalization also saw a 7% jump to $887.77 billion, with a trading volume of $25.88 billion in the past day. The leading cryptocurrency has seen a 170% increase in the past year.
Ethereum’s price also saw a 5% increase in the last 24 hours, reaching $2,382. Its trading volume rose by 21% to $8.52 billion, with a total market capitalization of $286.2 billion.
Other notable tokens such as Tether (USDT) and Binance Coin (BNB) were also in the green, with a 0.02% increase in the past 24 hours. Tether’s price was at $1, while BNB’s price stood at $318 at the time of writing.
As Bitcoin’s price rallied on the first day of January, altcoins also saw a surge. Solana (SOL) and XRP saw a 0.24% and 0.07% increase, respectively, while Cardano (ADA) saw a 0.10% decrease.
This surge in Bitcoin’s price, along with marginal gains in other major tokens, resulted in the global crypto market cap reaching $1.74 trillion, a 5.64% increase in the past 24 hours.
Here are some examples of how top cryptos are performing today:
– Meme coin PEPE saw a 10% increase in the past day and a 75% increase in the last seven days, with a trading volume of $1656.
– Shiba Inu, another popular meme coin, saw a 5% increase in the last 24 hours, with a market cap of $6.38 billion and a trading volume of $114.02 million.
– SEI token saw a 30% increase in the past day, surpassing the price surges of Bitcoin and Ethereum. Its price stood at $0.755 at the time of writing.
The crypto market continues to see significant growth, with Bitcoin leading the way. This surge in prices is a positive sign for the market and its investors.
