Bitcoin jumps nearly 15% in 3 hours towards $40,000, Ethereum 20% in Week; check details

Bitcoin and or cryptocurrencies on Monday, July 26, continued to rise as remarks from Ark Investment Management LLC's Cathie Wood and Tesla's CEO Elon Musk pushed prices higher. According to CoinDesk, Bitcoin prices have increased by 15% in last 24 hours, reaching $39,544. However, at 09:26 IST, leing crypto-coin was listed on CoinMarketCap at $38,187.47, up 11.64% in last 24 hours. According to cryptocurrency website, this upward trend has gained 20.99% in last seven days.

Crypto prices today

digital asset is closer to a comfortable $40,000 margin with a market valuation of $715 billion. This is a considerable improvement over last week's pricing when coin appeared to be at risk after falling below $30,000 mark. second-largest cryptocurrency, Er or Ereum, reached a high of $2,322.95, with a 24-hour upward trend of 7.82%. Er has increased by 23.04% in last seven days.

worldwide cryptocurrency market capitalization increased by 8.50% in last day, reaching $1.52 trillion. According to data from CoinMarketCap, market volume increased by 27.25% in last 24 hours, bringing it to $89.26 billion. DeFi now has a total volume of $10.10 billion, accounting for 11.32% of overall 24-hour crypto market volume. According to reports, entire volume of all stable coins is now $72.08 billion, accounting for 80.76% of whole crypto market's 24-hour volume.

This sharp rise came only days after Elon Musk, Cathie Wood, and Twitter CEO Jack Dorsey spoke at ‘ B Word' conference. Musk was cited at conference as ding that he wanted to see Bitcoin thrive and that he and his firm both owned Bitcoin, with former owning multiple coins such as Dogecoin and Ereum as well. Wood and Dorsey both applauded Bitcoin, with Wood suggesting that businesses consider it for ir balance sheets. coin, on or hand, is robust, according to Dorsey.

Top cryptocurrencies and ir prices on July 26

Bitcoin $38,334.59 or 12.11 per cent change in 24 hours

Ereum $2,314.83 or 7.57 per cent change in 24 hours

Binance Coin $321.35 or 7.55 per cent change in 24 hours

Cardano $1.33 or 9.46 per cent change in 24 hours

Dogecoin $0.2232 or 15.05 per cent change in 24 hours

XRP $0.6604 or 9.73 per cent change in 24 hours

Polkot $14.88 or 11.93 per cent change in 24 hours

Uniswap $19.65 or 9.57 per cent change in 24 hours

Bitcoin Cash $496.44 or 10.63 per cent change in 24 hours

USD Coin $0.9999 or 0.00 per cent change in last 24 hours

Litecoin $136.58 or 9.31 per cent change in 24 hours

(Source: CoinMarketCap)

Musk also stated last week that his electric vehicle firm, Tesla, would likely resume accepting Bitcoin as a form of payment after conducting due diligence. This due diligence was conducted in order to determine amount of energy required to mine coins as well as environmental impact. In May, EV firm discontinued acceptance of this crypto asset, contributing to its record-low drop.

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