Hassan Maishera
TL;DR
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BTC briefly hit $61k a few hours ago after rallying by more than 3% in the last 24 hours.
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TRX has entered the top 10, overtaking Cardano’s ADA after adding 6% to its value.
BTC Trades Above $61k
The cryptocurrency market is having a positive start to the week thanks to the rally by most coins and tokens on Monday. Bitcoin, the leading cryptocurrency by market cap, touched the $61,400 level a few hours ago after adding nearly 4% to its value in the last 24 hours.
It has slightly retraced and is now trading at $60,900 per coin. There is no major catalyst behind this move.
XRP, the native coin of the Ripple ecosystem, is the second-best performer amongst the top 10 cryptocurrencies by market cap. It added 7% to its value and traded at $0.6121 per coin.
The best-performing position goes to Tron’s TRX coin. TRX is up 8% in the last 24 hours and has overtaken Cardano’s ADA to become the 10th-largest cryptocurrency by market cap. TRX is trading at $0.1456, up by more than 15% over the last seven days.
While the other major cryptocurrencies are in the green zone, Toncoin’s TON is underperforming. TON is down less than 1% and is trading at $6.86.
Thanks to the improved performances, the total cryptocurrency market cap stands at $2.15 trillion, up 3% in the last 24 hours.
