Market

Bitcoin Reaches Over $20,000, Ethereum Rises Biggest Since The Merge

The market is seeing Bitcoin (BTC) recover to the $20,000 level. The rising price of BTC is the driving force that makes the entire market flourish. Ethereum (ETH) also posted a gain of nearly 12%, the highest since The Merge.

At the end of October 25, the market recorded a strong recovery from Bitcoin (BTC), the largest cryptocurrency in the market. BTC rallied nearly 4% within 24 hours causing the price to recover to the $20,000 mark. This was also the driving force behind Ethereum rallying above $1,500 for the first time since the post-The Merge explosion.

24h BTC price chart. Source: Coincu.com
24h ETH price chart. Source: Coincu.com

Other notable altcoins today are also up big, including Solana up 12% to nearly $32, Cardano up 14% to $0.41, and Polkadot up nearly 11% to $6.50 per token newspaper.

All told, the entire crypto market currently has a total market cap of $1.03 trillion. This is the first time the market has hit the $1 trillion mark since October 4.

That could be due to analysts’ pointing to macroeconomic trends, with the stock market also edging higher today as a host of major companies reported earnings of giants GM and Coca-Cola. The tech-heavy Nasdaq and S&P 500 gained 2.25% and 1.2%, respectively.

Investors remain focused on the U.S. Federal Reserve’s continued efforts to rein in inflation without sending the economy into recession. Last week, they received some encouragement from fading signs that the Federal Reserve would raise interest rates less aggressively early next year than it currently has by 75 basis points.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

23 minutes ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

2 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

3 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

4 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

5 hours ago

This website uses cookies.