Bitcoin Eyes $31k As Cryptos Rally Higher Over The Weekend

TL;DR

• Bitcoin is up by more than 3% over the weekend and is now eyeing the $31k mark.

• Ether briefly touched the $1,700 level as altcoins also rallied higher.

Bitcoin Eyes The $31k Level

BTC, the world’s leading cryptocurrency by market cap, is up by more than 3% over the weekend. It has added 2.3% to its value over the last 24 hours and is currently trading above the $30,800 mark.

There is no apparent catalyst behind this latest move as the markets continue to react to the ongoing conflict in the Middle East. 

Ether, the second-largest cryptocurrency by market cap, is also up by more than 2% in the last 24 hours. It roughly touched the $1,700 mark for the first time in more than a month and could rally higher in the near term.

Chainlink is the best performer amongst the top 20 cryptocurrencies by market cap. LINK is up by 11% in the last 24 hours and is currently trading at $10.51 per coin.

Thanks to the broader market’s rally, the total cryptocurrency market cap has added 2% to its value. At press time, the total cryptocurrency market cap stands at $1.17 trillion.