Bitcoin near $38,000, XRP Jumps More Than 30%

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term price gained nearly 10% in less than 24 hours to register a record high of $37,700 on Thursday as the overall market cap of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term jumped above $1 trillion. The world’s second-largest cryptocurrency Ethereum also registered its highest level since January 2018 and crossed $1,200. XRP regaining the title of the world’s fourth-largest digital currency after posting a record gain of 30% in a single day.

According to the latest data, the price of Bitcoin breached the $37,000 level earlier today as the total market cap of the world’s most valuable crypto asset touched nearly $700 billion. Bitcoin is now up nearly 30% in less than a week after a record-breaking rally.

Ethereum is not far behind Bitcoin in terms of percentage gain, ETH jumped more than 8% overnight to reach $1,220, its highest level in nearly 3 years. Ethereum has seen significant demand in recent days from institutional as well as retail investors.

Yesterday, Litecoin dethroned XRP as the world’s fourth-largest cryptocurrency. Today, XRP posted around a 30% gain in less than 24 hours to cross the level of $0.30. XRP has regained the title from Litecoin and now has a market cap of approximately $13.5 billion. Litecoin went back to the fifth spot with an $11 billion market cap.

Cryptocurrency Rally in 2021

This year started on a positive note for the global cryptocurrency market. Bitcoin, the world’s most valuable digital asset added more than $150 billion in its market cap to reach a record high. The crypto market is experiencing a huge demand from institutional investors and despite recent corrections, the overall market cap has increased by more than $250 billion since the start of 2021. Cardano (ADA) and Stellar (XLM) reported huge gains this week. ADA is up 85% since the start of this year and XLM posted a massive 185% jump in price since 1 January 2021.

As of writing, the price of Bitcoin is hovering around $37,000 as Ethereum is trading near $1,200. XRP is consolidating around $0.30.