The world’s largest cryptocurrency bitcoin was trading over 4% higher today. On Coinmarketcap, the price of bitcoin rose 4.31% to $ 47,190. The cryptocurrency’s market cap has reached $ 887.391 billion.
Currently, the global crypto market capitalization stands at $ 2.12 trillion.
Other cryptocurrencies were also trading green today. Ethereum gained 3.14% to $ 3,402 and Dogecoin was trading 1.83% higher at $ 0.2409.
The Stellar digital token gained 3.44% to $ 0.3317 and XRP climbed 1.29% to $ 1.09. Litecoin rose 1.52% to $ 181.29 and Uniswap rose 11.82% to $ 25.56. Lately, crypto prices have risen following comments from billionaire Elon Musk and Cathie Wood of Ark Investment Management LLC.
At the end of July, Elon Musk said Tesla was “very likely” to start accepting bitcoin as a payment method again. The comment helped the cryptocurrency race to surpass the $ 30,000 level. The electric carmaker said in May that it would no longer accept cryptocurrency for purchases.
It has been a mad rush for bitcoin for the past three years. Digital currency made its debut on Wall Street in December 2017, when major futures markets launched bitcoin futures. The attention drove Bitcoin to around $ 19,300, a then unprecedented price for the currency.