Bitcoin has reached a new all-time high, with a coin now worth billions of dollars | Cryptocurrency

Bitcoin has reached a new all-time high, with a coin now worth billions of dollars

Bitcoin has reached a new all-time high, with a coin now worth billions of dollars

New Delhi, Agency: Bitcoin, the most valuable cryptocurrency in the world, has risen to a new all-time high of $67,922, extending a surge that began in October. In just one month, the cryptocurrency market’s market capitalisation has risen from $1 trillion to $3 trillion.

As per CoinGecko statistics, Ethereum, the second most valuable cryptocurrency, has reached a high of $4,800, a gain of over 2%. The increase comes after news that the Ethereum network has exchanged more coins in the last week than it has produced.

Concerns over Ethereum’s pricing and excessive transaction costs have brought attention towards cryptocurrencies like Solana and Polkadot. With in previous 24 hours, both currencies have risen more than half a percent. In the previous week, Solana has risen by more than 21%.

Cardano rose about 5% on Tuesday morning, giving it a seven-day gain of more than 10%. Over the last week, Ripple XRP has also seen a 15% increase in value.

On Tuesday morning, Dogecoin was up nearly 6%, giving it a weekly gain of 6%. The currency has seen a small growth in the recent several days. Shiba Inu, the 11th most valuable cryptocurrency by market capitalization, also increased by 3%.

Credit – Komal Sharma

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