New record in the cryptocurrency market: Bitcoin climbs above critical level

A strong recovery is being experienced in crypto markets in the early days of the new year. Bitcoin climbed above the 91 thousand dollar level with the momentum it gained during Asian trading on Sunday. With this increase, the leading cryptocurrency has gained approximately 4 percent in value over the last week.

It is stated that geopolitical developments originating from Venezuela increasing risk appetite have also been effective in the rise in the crypto market. In this environment, significant activity is noted not only in Bitcoin but also in other major crypto assets.

Ethereum approached 3,150 dollars by rising approximately 1 percent during the day, while its weekly return rate reached the 7 percent level. Solana, on the other hand, showed a 1.6 percent increase on a daily basis and gained over 8 percent in value over the last week. Another popular digital currency, XRP, surpassed the 2 dollar level; XRP experienced an increase of 0.6 percent daily and nearly 10 percent on a weekly basis. While a limited increase was also observed in Cardano, the weekly gain was recorded at 8 percent.

News Source: 12punto