The cryptocurrency markets are up more than 3% in the past 24 hours and are approaching $ 2.5 trillion.
The gain in value with Bitcoin was above the markets. According to the information in Coinecko, BTC gained 5 percent and rose to 58 thousand US dollars. BTC’s market dominance was 44 percent.
Ethereum, on the other hand, gained in value at rates similar to BTC. As of 8:50 a.m., the price for ETH rose 5.3 percent to $ 3,652.
Ripple also scored in its two-day rest and began to climb. The price of XRP rose 4% to $ 1.14.
Dogecoin was another cryptocurrency that was on the rise. The price of DOGE rose 4.7 percent to 23 cents.
MINERS DO NOT SELL YOUR BTC
Miners are among the strongest players in the cryptocurrency markets. Bitcoin is known to be a cryptocurrency that is made by mining. Ki Young Ju, CEO of CryptoQuant, made an important statement on this topic.
According to Jus Überweisung, Bitcoin miners do not convert their crypto money into dollars. This may mean that the miners are not feeling any pressure to sell and expect the Bitcoin price to rise.
Bitcoin miners last turned their cryptocurrencies into cash in January 2021. After that move, BTC fell 25 percent.
“The miners are now on the cop side,” said Ju.
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