look news india
Mumbai: After the correction last week, the major cryptocurrency Bitcoin again crossed the $71,000 level in the last twenty-four hours. Behind Bitcoin, other cryptos like Ethereum, Solana, etc. also increased in price.
As a result of the rebound, the market cap of the cryptocurrency increased to $2.67 trillion.
Market sources said today's surge indicates that Bitcoin is moving towards new highs again. Ten days ago, Bitcoin reached an all-time high of $73,880.
The buzz around new Bitcoin-based institutional product offerings has sent Bitcoin surging. Additionally, the London Stock Exchange (LSE) approved a proposal to provide a market for trading Bitcoin and Ethereum exchange traded notes (ETNs), further improving sentiment.
The trading launch of Bitcoin and Ethereum exchange traded notes (ETNs) on the London Stock Exchange from May 28 was announced on Monday. In the last twenty-four hours, Bitcoin was trading at $70,835 with a high of $71,585 and low of $66,642 late in the evening. The price of Ethereum was $3643.