Today’s cryptocurrency prices gained as Bitcoin crossed the USD19,000 threshold. The biggest and most popular cryptocurrency in the world, Bitcoin, rose by almost 1% and was trading at USD19,234. Even though it had increased slightly in the previous day to USD910 billion, the market capitalization of all cryptocurrencies fell short of USD1 trillion today, according to CoinGecko.
The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, increased more than 1% to USD1,073. Shiba Inu’s price only slightly increased to USD0.000010, whereas Dogecoin’s price increased by 3% to USD0.06 today.
As XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, and Uniswap prices were trading with gains over the last 24 hours, whereas Polygon, Apecoin, and Tether fell, other cryptocurrency values today also performed well.
Cryptocurrencies have suffered this year in the wake of Federal Reserve rate hikes and stubbornly high inflation. When the previous two-year crypto slumber ended in 2020, the sector’s total assets soared to around USD3 trillion before falling to less than USD1 trillion last November. Investors were further alarmed by the collapse of the Terra/Luna ecosystem and the ongoing worry over the hedge fund Three Arrows Capital Ltd.