The cryptocurrency market returned to positive balance on Tuesday (27). Bitcoin, Ethereum, and other cryptocurrencies rose again, reaching new resistance levels.
Bitcoin, the market’s leading cryptocurrency by market capitalization, again hugged the $20,000 level, hours after it touched one of its lowest levels in months.
According to CoinGecko, BTC has risen more than 10 percent in the past 24 hours, returning to a price of $109,000.
Ethereum, meanwhile, has reached its highest level after the launch of The Merge. According to CoinGecko, ETH has also risen 9% in the last 24 hours, reaching a price of R$7,505.
The market’s new high was driven by gains in the international cryptocurrency market, tied to the new high of the commercial dollar, which reached R$5.40 at 9am this morning.
Price of the main cryptocurrencies today
With Bitcoin’s new gains, alternative cryptocurrencies – or altcoins – have also registered highs.
BNB, for example, has posted a 5.9% rise in the past 24 hours, followed by Cardano (ADA), up 5.3%.
The Solana (SOL) coin has soared more than 8% in the past 24 hours, while XRP is up a timid 3%. The meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) rose 3.9% and 4% respectively.
Meanwhile, other coins like Polkadot (DOT) , Polygon (MATIC) and Avalanche (AVAX) were up about 6% each.
The value of the global cryptocurrency market was trading at $962.94 billion, gaining more than 4% in the past 24 hours. However, total trading volume was up nearly 52%, near $81.16 billion.