The past 20 days evidenced a major recovery for the digital coin. Back on March 25, the world noticed a drop of $US51,000 in the price of bitcoins. From that point, it roared back again with over a quarter and marked a strong position. The Bitcoin market revolved buoyantly, beginning from the second week of April. Just after, it crossed the mark of $US60,000 on Monday. The cryptocurrency made a new record a day later of $US63,583.
As per reports, bitcoin raised 2.26% more and eclipsed the latest record in Asia. And it took place during the morning hours, which is known as the best trading hours, on Wednesday. Currently, the most renowned cryptocurrency is originally trading at $US64,418. The present market capitalization of BTC is $US1.198 trillion, and the global trade volume is around $US71.25 billion. Both the metrics evidenced an unexpected rise recently. Also, crypto bulls are roaring with new power as more organizations and companies are devoting huge interest towards bitcoin all of a sudden.
Analysts, however, do not observe Wednesday’s proposed listing of Coinbase Global Inc. on the Nasdaq. As per them, the sudden rise in Bitcoin’s value is also not a coincidence. They consider it as a powerful indicator of Wall Street’s uprising endorsement of cryptocurrencies. Also, a rapid boost in cryptocurrency adoption is highly expected by Coinbase listing. It would help the price rally keep growing.
However, after Bitcoin, Ether is the second most renowned cryptocurrency, which has recorded the highest price on Wednesday in its history. It reports touching a new higher rate of about $US2,399. And that value stands in the last 24 hours right after getting improved by 6%. While currently, Ether is trading at $US2,384, BTC’s market capitalization is roaming around $US272 billion, and its global trade volume is reported to be $US32 billion by Coinmarketcap.