Bitcoin Hits $61k as Tron’s TRX Enters the Top 10

TL;DR

• BTC briefly hit $61k a few hours ago after rallying by more than 3% in the last 24 hours.

• TRX has entered the top 10, overtaking Cardano’s ADA after adding 6% to its value.

BTC Trades Above $61k

The cryptocurrency market is having a positive start to the week thanks to the rally by most coins and tokens on Monday. Bitcoin, the leading cryptocurrency by market cap, touched the $61,400 level a few hours ago after adding nearly 4% to its value in the last 24 hours.

It has slightly retraced and is now trading at $60,900 per coin. There is no major catalyst behind this move. 

XRP, the native coin of the Ripple ecosystem, is the second-best performer amongst the top 10 cryptocurrencies by market cap. It added 7% to its value and traded at $0.6121 per coin.

The best-performing position goes to Tron’s TRX coin. TRX is up 8% in the last 24 hours and has overtaken Cardano’s ADA to become the 10th-largest cryptocurrency by market cap. TRX is trading at $0.1456, up by more than 15% over the last seven days.

While the other major cryptocurrencies are in the green zone, Toncoin’s TON is underperforming. TON is down less than 1% and is trading at $6.86.

Thanks to the improved performances, the total cryptocurrency market cap stands at $2.15 trillion, up 3% in the last 24 hours.