Crypto Prices Today: Bitcoin (BTC) Price Tops $60K Mark, Ethereum (ETH), Solana, and XRP Enter Green Territory

The crypto prices today have ignited significant investor optimism across the globe, embarking upon a bullish momentum. Bitcoin (BTC) price topped the $60K mark

Cryptocurrency prices surged on Saturday, with Bitcoin (BTC) crossing the $60,000 threshold and several other digital assets posting strong gains.

The world’s largest cryptocurrency by market cap was trading at $60,200 by 01:06 ET (05:06 GMT), up 3.71% over the past 24 hours. BTC had hit highs of $60,917.40 earlier in the day.

Bitcoin prices have now risen nearly 20% from lows of around $50,000 hit earlier in August. The coin’s price-sensitive nature to upcoming U.S. Federal Reserve policy remained a key driver for the recent highs.

Traders will be keeping a close watch on the Fed’s annual Jackson Hole symposium, which is set to begin later in the week. Any hints of a زودتر-than-expected reduction in the central bank’s massive stimulus will likely stoke further gains in Bitcoin.

Relative strength for the apex crypto stood at 76.05, indicating that the asset was overbought.

On the other hand, BTC price highs were seen cooling off 11.06% from all-time highs of $68,606.43, hit earlier in November.

A close look at other crypto price movements showed gains across the board. Among the top 10 cryptocurrencies, Solana posted the highest gains, with SOL surging over 11% to trade at $160. XRP, ADA and BNB were also seen posting gains of over 5%.

Meanwhile, the global cryptocurrency market cap rose 2.69% to $2.14 trillion, while total crypto market volume over the past 24 hours increased 27.88% to $61.72 billion.

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