Bitcoin Tops $29k As Altcoins Rally Higher

TL;DR

• Bitcoin is trading above the $29k level once again.

• Altcoins are also rallying, with most coins and tokens in the green zone.

Bitcoin Trades Above $29k Again

Bitcoin, the world’s leading cryptocurrency by market cap, is trading above the $29k level for the second time this week. BTC has added more than 3% to its value in the last 24 hours and is currently trading at $29,209 per coin.

There is no major catalyst behind this latest move, with the market performing well since the start of the week. If the bullish trend continues, BTC could target the $30k psychological level in the coming hours or days.

Altcoins have also been performing well over the last few hours. Solana (SOL) and XRP are the best performers amongst the top 20 cryptocurrencies by market cap today.

SOL is up by 11% in the last 24 hours, while XRP has added more than 6% to its value during that period. At press time, the price of SOL stands at $26.40, while XRP is currently trading at $0.5137.

The broader crypto market is also up by more than 2%, with the total cryptocurrency market cap now at $1.11 trillion.