(CTN News) – In the most recent trading session, Bitcoin experienced an increase of 0.41% in value and is currently trading at $36,948. The price of Bitcoin surged by $309 over the weekend, marking the highest point in this month in terms of the cryptocurrency’s price.
ETH also reentered the profit zone with a modest 0.15% gain, bringing its value to approximately $2,049 and closer to the profitability zone. The price of Ether, however, has seen a slight dip over the past weekend, falling by $66.
In accordance with the weekly charts of Ethereum, on a weekly basis, it demonstrated strong performance in comparison to Bitcoin, maintaining a position over $2,000, which was probably due to Blackrock’s filing of its spot ETF, which likely influenced the price of the coin on a weekly basis.
Over the course of the past few weeks, there has been an increase in the price of Bitcoin for the fourth consecutive week, showing a growth of more than 40% over the last few weeks amid the increasing expectation that spot ETFs will be introduced in the near future.
When the market reaches a level of $40,000 in the near future, it will be a big milestone that investors are looking forward to.
It is also worth mentioning that there have also been a number of other cryptocurrencies that have shown positive movements in the last few days, including Tether, Ripple, Cardano, Tron, and Chainlink. There are also a couple of other cryptocurrencies that have shown gains on Monday such as Polygon, Polkadot, Avalanche, Litecoin, Shiba Inu, Bitcoin Cash, and Cosmos.
According to CoinMarketCap on Monday, the global cryptocurrency market has seen a rise in capitalization of 0.45% over the last 24 hours as compared to the previous day, reaching a capitalization of $1.42 trillion for the entire market.
The crypto fear and greed index, which stands at 72, indicates that the market movement is being driven by a strong sentiment of greed, which correlates with a strong sentiment of greed.
Besides Binance Coin, Solana, Dogecoin, Cronos, and Bitcoin Bitcoin Binance USD, there were only a few cryptocurrencies that experienced losses today, among them Binance Coin, Solana, Dogecoin, and Cronos.