Bitcoin jumps above $17,000, ether surges 8% As Cryptocurrency Prices Increase Today

Cryptocurrency prices rose today with the largest and most popular digital token prices in the world. In contrast, Ether, a coin linked to the ethereum blockchain and the second largest cryptocurrency, rose more than 7% to $1,272.

“Bitcoin gained around 4% on Tuesday from the previous day. BTC started the week at a low of $16,054 and moved above the $16,900 level in the last 24 hours. This breakout saw BTC rise around $16,200, which has been in play for two weeks. If the price strengthens above, we may see bulls enter the market and move BTC above the $17,000 level soon. The second largest cryptocurrency, Ethereum, rose, trading above the $1,270 level.

The value of the global cryptocurrency market remained below the $ 1 trillion mark today, although it increased in the last 24 hours to $ 895 billion, according to data from CoinGecko.

Meanwhile, the price of dogecoin is trading more than 6% higher today at $0.10 while Shiba Inu is higher than 2% at $0.000009 today. The performance of other crypto currencies also improved today such as Binance USD price, Avalanche, Tether, Terra, Stellar, Polkadot, Solana, Uniswap, ApeCoin, Tron, Polygon, XRP, Cardano, Chainlink, Litecoin trading in profit in the past. 24 hours.

US cryptocurrency trader Genesis said it was looking to avoid bankruptcy after Bloomberg reported on Tuesday that the company’s creditors were arranging for restructuring lawyers to avoid bankruptcy.

The crypto-lending arm of US digital asset broker Genesis Trading suspended customer redemptions earlier this month, citing the sudden collapse of FTX, with its trading volume of about $175 million locked up, the company said. said the body. It has warned potential investors that it may file for bankruptcy if its fundraising efforts fail, halting the takeover shortly after its November 1 unveiling. 10 and he has $175 million locked up in the FTX trading account.

Crypto prices remain under pressure this month after the collapse of Sam Bankman-Fried’s FTX empire. Now investors are watching other crypto companies to see where the spread can spread.