Nine of the top 10 stocks have risen, and 93 of the top 100 have green lights, indicating a rise.
According to CoinMarketCap, the price of Bitcoin was $38,639.70 at 9 am New York Time, up 12.46% from the previous 24 hours.
Ethereum up 12.30%, Polkadot 37.68%, Litecoin 9.18%, Cardano up 7.89%, and XRP’s price fell 1.43%.
At this time, the market capitalization of the cryptocurrency market increased to $1.39 trillion and the share of Bitcoin increased to 69.0%.
The Chicago Merchandise Exchange (CME) bitcoin futures price also started with a strong rise. The most actively traded January prices rose by $2440 to $38,815, February prices rose by $2470 to $39,280, and March prices rose by $2,150 to $39,480.
In the cryptocurrency market, Bitcoin and Ethereum are soaring, leading the overall market to rise.
Bitcoin, which fell from $42,000 to $32,000 on the 12th and recorded a loss of close to 25%, surpassed $38,000 on the same day.
As Bitcoin recovered $38,000 and Ethereum continued to rise more than 10%, the market capitalization of the entire cryptocurrency market again exceeded $1 trillion.
According to Decrypt, despite the strong uptrend on this day, some believe that the bitcoin market is still unstable, and that the current situation may be similar to that of early 2017, when several sharp adjustments were made before the all-time high reached $20,000 Is serving.