Bitcoin, Other Cryptocurrencies Gain on Monday

Bitcoin, the world’s most popular cryptocurrency, on Monday slightly crossed over the $30,000 a coin resistance despite cryptocurrency space remaining largely flat since the Luna coin catastrophe.

A check by Investors King revealed that Bitcoin, Ethereum and other leading cryptocurrencies improved a little compared to last week.

In the last 24 hours, the world’s most dominant cryptocurrency asset has risen by 1.02% to $30,275.28 a coin. While in the last seven days the leading digital asset has gained 2.33% with its total market value improving to $575.085 billion. Investors transacted 875,447 bitcoins valued at $26.432 billion in the last 24 hours.

In the same vein, the second most capitalised cryptocurrency, ETH, the token of the Ethereum blockchain, appreciated by 1.90%  to $2,054.97 per coin in the last 24 hours and 2.48% in the last seven days.  Investors had transacted 6,782,909 ETH estimated at $13.902 billion in the last 24 hours to push ETH market capitalisation to $247.783 billion.

Tether (USDT), the world’s leading stablecoin, gained 0.02% in the last 24 hours to $0.9991. USDT market value also grew to $73.204 billion while investors exchanged 52,015,694,499 USDT worth $51.968 billion in the last 24 hours.

However, BNB, the token of Binance, the world’s leading cryptocurrency exchange platform, appreciated the most. Posting 5.47% in the last 24 hours and 12.48% in seven days. The CEO of the company CZ had said he only invested in tokens with a use case like Bitcoin and BNB. 

Over the years, he has warned people against investing in tokens without a use case and recently he has upped his warning, especially after the Luna coin plunged from $119 a coin to $0.00013 in a week.

“Even though BTC gained nearly 4 percent growth in the past 24 hours, it could not break the US$30,000 level. If BTC can break its initial resistance level at US$31,000 and US$32,000 this week, we may see an upward trend”, Edul Patel, the CEO and Co-founder of Mudrex stated on Sunday before Bitcoin extended its gain above the $30,000 level.