The cryptocurrency market marginally rebounded during the weekend as the market cap of all popular virtual coins gained. The positive momentum continued on Monday, but prices could fall due to existing headwinds.
Bitcoin, the world’s most popular cryptocurrency, was trading 2.30 per cent higher at $34,277.64 at 1:35 pm. Its closest rival Ether also rose over 2.40 per cent at $2,143.63. All other popular altcoins like Cardano, XRP, Dogecoin, Stellar, Polkadot and Litecoin were trading higher than their price 24 hours ago.
Commenting on the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The crypto markets are slowly yet steadily moving out of the weekend consolidation.”
“As the traded volumes increase, most of the top cryptos are rising higher over yesterday’s levels. Bitcoin has been able to hold its ground over the $34,000 mark. Ether looks good over $2100,” he added.