Hassan Maishera
TL;DR
-
Bitcoin tops the $64k mark as the market rally continues.
-
Avalanche’s AVAX is the best performer amongst the top 20 cryptocurrencies by market cap.
BTC Tops $64k as Market Rally Persists
The cryptocurrency market has continued its positive performance and will end the week in green. Bitcoin, the leading cryptocurrency by market cap, is up more than 2% in the last 24 hours and briefly hit the $64k mark a few hours ago.
At press time, Bitcoin’s price is $63,800, but it could rally higher in the near term as the bulls remain in control. The market continues to respond positively to the Federal Reserve cutting interest rates by 50 basis points earlier this week.
Bitcoin’s positive performance spilled into altcoins, with Ether and others currently in the green. Ether has increased by 5% in the last 24 hours and now stands at $2,544 per coin. Solana’s SOL also increased by 7% and could hit the $150 psychological mark if the rally continues.
Avalanche’s AVAX is the best performer amongst the top 20 cryptocurrencies by market cap, adding 10% to its value. At press time, AVAX is trading at $28 per coin, up 18% in the last seven days.
The total cryptocurrency market cap continues to increase as Bitcoin and altcoins rally higher. It now stands at $2.21 trillion and is still some way off from the $3 trillion all-time high recorded in 2021.
