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28 March 2024
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Bitcoin stays above $51,000 and coins rise 10% over the weekend

After a few days of profits for cryptocurrency investors, the market started this Monday (6) with earnings below expectations.

Nine of the top 10 currencies in the market started the day with gains. Among the highlights are XRP, Polkadot and Dogecoin, for example, which gained around 8%.

Still with the first place in the market, Bitcoin remains above US$ 50,000. At 8 am, the currency suffered a low of 0.41%, selling for $51,585.

Solana, one of the darlings of the crypto market for the past three weeks, started the day on a low. After devaluing about 5% over the weekend, the currency woke up with a loss of 0.7%, selling for $142.23.

Bitcoin’s direct competitor Ethereum faces its third day on the downside. With an accumulated drop of 36% since last week, the currency was selling for $3,917 at 8 am.

Global encryption market capitalization increased more than 3% to $2.33 trillion. However, the total volume of the crypto market decreased by 5% to $119 billion.

However, cryptocurrencies have had a good boost in the last 24 hours. With Bitcoin and Ether in the so-called “green zone”, other cryptocurrencies, such as XRP, may experience an important appreciation.

EOS and XRP go up 10% on weekend rally

Even far from the market’s top 10, two currencies jumped their prices over the weekend. The EOS cryptocurrency, created in 2018, jumped more than 10%, reaching US$ 6.12 this Monday.

The XRP was also not left behind and could be traded for $1.32 at 8 am on Monday.

The predictions for the cryptocurrency market are the best. According to analysts, by the end of the year we may see a huge appreciation of the market, with Bitcoin and other currencies reaching an all-time high.

Also read: US SEC opens investigation against Uniswap

Read also: Brazil is the second country in the world that uses the Lightning Network the most

Read also: Financials and Commodities dominate September’s most recommended stocks

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