As it is seen from the latest cryptocurrency news, the Bitcoin price continues to rise, which results in the growth of the overall crypto market.
The recent BTC price of $48K has become the main impetus for the increase in value of the cryptocurrency market.
BTC is the leader but other cryptos also do well
It is the first time since the middle of May when Bitcoin’s price shows the mark of $48 000. At the same time, such digital currencies as Ethereum, XRP, Cardano, and Dogecoin also increased in value together with the much-talked-of crypto. For example, Cardano spiked by fifty-three percent during the last week. Such intense interest in cryptocurrencies could not but led to the market value increase to 2 trillion dollars. Compared to the previous results, the digital currency sector had almost double growth within a one-month period.
Despite various crypto-related vicissitudes, which took place in China and the USA not so long ago, the market seems to be resilient. According to experts, the major reason for this is that the legal approach to crypto-assets and their legalization inspire investors’ confidence.
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