Summary: Bitcoin increased 5.48% in the past 24 hours to $81,946.75 and took its market capitalization to $1.62 trillion. Trading activity also picked up with a 20.14% rise in 24-hour volume to $46.97 billion.
The general crypto market is recovering, with a market value of $2.64 trillion, up 1.84% from yesterday. Ethereum and XRP, other large cryptocurrencies, also registered slight gains.
YOU MIGHT ALSO LIKE: Chainlink’s Sergey Nazarov on White House Crypto Summit and U.S. Blockchain Leadership
This rally follows a recent slide driven by inflation concerns and Trump’s foreign policy initiatives. All expected a rally after the White House Crypto Summit but witnessed prices drop instead. The last biggest price rally came when Trump indicated a U.S. crypto reserve.
And now, with Bitcoin leading the pack, hope is trickling into the markets again. Investors remain hopeful but fingers crossed, waiting to see if this trend holds.
YOU MIGHT ALSO LIKE: VanEck Files for AVAX ETF, but Token Price Keeps Dropping