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October 2, 2022
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Bitcoin

Bitcoin is back above $ 40,000

Bitcoin’s price has jumped 6% in the last 24 hours, breaking the 40k mark again. USD. Over the past week, the flagship cryptocurrency has increased in value by as much as 18%.

Bitcoin’s great comeback

Bitcoin hit its highest price since its sudden drop to $ 31,500 on January 27. This drop occurred after the ATH reached the price on January 8.

Today’s price is a continuation of the rally that started earlier this week. The price of BTC started to rebound from around $ 33,600 on Monday.

Bitcoin’s 24-hour trading volume today stood at $ 74.3 billion, an increase of 17.34% from yesterday’s $ 61 billion.

ETH and XRP also up

Other cryptocurrencies are also seeing increases. We have to pay $ 1,687 for Ethereum, which means that the second largest cryptocurrency is 24% up within seven days. Yesterday the coin broke another all-time record with a price of just above $ 1,720.

XRP hit $ 0.43 today, up 0.14% in the last 24 hours. This week the coin has risen by 44.91%. On February 1, the price of XRP jumped to a high of $ 0.75 after 295,000 traders in the Telegram group Pump and Hold XRP announced a price pumping. The pump and its success, however, were short-lived. At the moment, the group’s membership has dropped to 165,000.

Earlier this week, Bloomberg’s senior commodity strategist Mike McGlone said Bitcoin had entered the bull market. McGlone has estimated that $ 50,000 is the “starting resistance target”.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

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