Bitcoin bounces back to $38,290


Optimism remained rampant in the cryptocurrency market despite intraday losses on Wednesday, with the market cap decreasing 0.6 percent to $1.62 tril-lion as of 1310 hours GMT.

The price of Bitcoin (BTC), the largest cryptocur-rency, increased to $38,290 after gaining 1.40 per-cent. With this increase in price, the market capitali-sation of the BTC has reached $718.9 billion.

Likewise, ethereum (ETH) price gained 2.1 percent to reach $2,510. With this increase in price, the market capitalisation of ETH has reached $293.5 billion.

On the other hand, XRP gained 0.62 percent to reach $0.708. The market capitalisation of XRP stands at $70.8 billion after this increase. — TLTP

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