Bitcoin continues to rally as altcoins turn bearish

Oct 7, 2021 By: BI India Bureau Credit: Canva

Bitcoin’s comeback has the pulled the global crypto market cap to $2.3 trillion

An increase of 2.07 percent in the last 24 hours

This marks a complete recovery from June 22

When the slump in the crypto market had the overall market cap at lows of around $1.15 trillion

However, altcoins are yet to jump on the bandwagon

Aside from Ethereum and Polkadot, other cryptocurrencies are currently in the red

Bitcoin’s rally has pulled the cryptocurrency to $55,000

It has skyrocketed by 6.81 percent in the last 24 hours

Ethereum is at $3,513

While in the green, the change in the cryptocurrency’s value over the last day has mostly been flat

The downturn for altcoins comes after consolidation over the past one week

Binance Coin is down by 1.93 percent

The cryptocurrency is priced at $427.89 Credit: Canva

Cardano, the ‘Ethereum Killer’, is down 2.48 percent

It’s currently priced at $2.16

Ripple’s XRP is similarly caught in the doldrums

The cryptocurrency is worth $1.06, down 1.21 percent in the last 24 hours Credit: Canva

Solana is worth $152.73

It’s down by 4.44 percent since yesterday Credit: Canva

Dogecoin is in the red by 4.30 percent

It’s valued at $0.2399

Polkadot is worth $31.35

Its value has increased by 1.74 percent in the last 24 hours

Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of October 7, 9 am IST and may change over the course of the day Credit: Canva

The crypto market is trying to recover as October kicks in