Bitcoin price suddenly turned up 4%, leading to a series of top altcoins such as Ethereum, Cardano, Polkadot … going up, pushing the market capitalization to exceed $ 1,000 billion.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin price today increased unexpectedly, many altcoins also grew significantly
This morning, Bitcoin price fluctuated around $ 33,652, up nearly 4%, equivalent to an increase of $ 512. In the last 24 hours, the most popular and valuable cryptocurrency in the world traded lowest at $ 32,341, and highest. at $ 34,715. According to CoinMarketCap, over the past 24 hours, Bitcoin trading volume reached $ 61 billion, market capitalization reached $ 626 billion.
Bitcoin price has been under pressure in the past few days when a leader of the European Central Bank (ECB) expressed concern about investment choices of consumers, as the cryptocurrency often has large price fluctuations.
Accordingly, in an interview on Bloomberg TV on January 29, Gabriel Makhlouf – Member of the ECB Board of Governors said that Bitcoin investors need to prepare for the possibility of losing all their money.
“Personally, I’m not sure why people invest in those types of assets. But they obviously consider it an asset.”
Previously, ECB Chairman Christine Lagarde also said that cryptocurrency is a highly speculative asset.
Cardano soared 16.4% to $ 0.421, pushing the market cap to $ 12.5 billion.
But the new Binance Coin is the biggest gainer in the top 10 cryptocurrencies in terms of capitalization. Over the past 24 hours, the cryptocurrency increased by 17.5%, hitting $ 51.4. Market cap recorded approximately $ 8 billion.
Bitcoin Cash is currently trading at $ 411.5, up 3%. Similarly, Stellar increased 5.7%, Uniswap increased 15%, Litecoin increased 2.6%. In contrast, XRP unexpectedly dropped 25% after rising 50% in the previous 48 hours.
Total market capitalization recorded $ 1,010 billion, up 1.82%.