Cryptocurrency Prices Today: Bitcoin Hits $42,000, Ether Up By 2.21 percent

New Delhi: As the tokens associated with gaming witnessing a strong rise, the cryptocurrency market was trading higher on Monday.

According to CoinDesk data, the oldest cruptocurrency, Bitcoin, was trading at USD 42,824.85, up by 3.11 per cent. While the Ether, the second biggest crypto currency by market capitalisation was up by 2.21 percent to USD 3,079.70.

Aapart from these two coins, Cryptocurrencies such as XRP was up by 7.95 per cent, Solana was up by 4.51 per cent, Terra was up by 2.34 per cent, Cardano was by 3.54 per cent, Polkadot was by 3.56 per cent, Stellar was by 3.06 per cent, Dodgecoin was up by 6.84 per cent, Chainlink was up by 4.35 per cent, Polygon was up by 3.83 per cent, Shiba Inu was up by 24.32 per cent.

Commenting on the same, Edul Patel, CEO and Co-founder of Mudrex asserted that the global crypto market volume rose by nearly 3 per cent in the past 24 hours. Bitcoin hovered above USD 42,000 while Ethereum crossed the USD 3,000 mark returning back to the winning streak.

''If buyers can make a decisive move above USD 40,000, the BTC's price can get back to its peak at USD 69,000. The next resistance level is likely to be at USD 45,000," India Today quoted Patel as saying.

Patel further said that according to the market cap, the other top cryptocurrencies such as XRP, Dogecoin, Fantom, UNUS SED LEO, and Decentraland have gained good growth, while Shiba Inu has gained more than decent growth over the past day.

''This upward growth is a relief to all the crypto investors after the market went down last week," Patel added.

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