Bitcoin Price Inches Higher as Cryptoassets Gain
Most major digital assets rose in the low to high single-digit percentage range as of Monday late afternoon. Bitcoin (BTC-USD), the largest cryptocurrency by market value, was changing hands at $23,932, up 3.2% in the past 24 hours after reaching a day high of $24,244, according to CoinDesk data.
Trading volume was at $26.26 billion, up 68%. The recent gain trimmed the oldest cryptocurrency’s year-to-date slump to 48%, compared with 19% for the tech-heavy Nasdaq 100 index and 13% for the S&P 500 index.
Ethereum (ETH-USD), the second-largest digital asset, rose 3.8% to $1,772 after reaching a day high of $1,817, the highest intraday price in nearly two months. READ: Major Cryptoassets Trade Weaker as Retail Investors Count Losses
XRP (XRPUSD), Solana (SOL-USD), and Cardano (ADA-USD), the third-, fourth-, and fifth-largest digital assets, added 1.5%, 4.1% and 2.4%, respectively.
The day’s top gainer on the CoinDesk list was Stellar (XLM-USD), the sixth-largest digital asset, rising as much as 9%. Monero (XMR), the 14th-largest digital asset, was the day’s only loser on the CoinDesk list, falling 1%.
The overall market capitalization of the cryptocurrency industry increased 2.5% in the past 24 hours to $1.176 trillion, according to CoinGecko data. # Bitcoin Price Inches Higher as Cryptoassets Gain