{"id":316420,"date":"2023-04-11T08:15:32","date_gmt":"2023-04-11T07:15:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=316420"},"modified":"2023-04-11T08:12:50","modified_gmt":"2023-04-11T07:12:50","slug":"bitcoin-climbs-past-30k-ethereum-approaches-2k","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-climbs-past-30k-ethereum-approaches-2k\/","title":{"rendered":"Bitcoin climbs past $30k, Ethereum approaches $2k"},"content":{"rendered":"

Bitcoin (BTC<\/a>) soared past the $30,000 mark on April 11 \u2014 reaching its highest point since June 2022.<\/p>\n

At the time of writing, BTC was trading at $30,073 while its market cap reached $581.7 billion, according to CryptoSlate<\/em> data. Bitcoin is up 6% over the past 24 hours and 7.41% over the past week.<\/p>\n

Bitcoin's rally buoyed the entire cryptocurrency market \u2014 the global crypto market cap is up more than 4% to $1.24 trillion over the past 24 hours. The total crypto market trading volume reached $47.26 billion.<\/p>\n

Ethereum (ETH<\/a>), the second-largest cryptocurrency, bagged 3.1% gains over the past day to trade at $1,917 at the time of publishing. The market cap of ETH stood at $230.9 billion. Ethereum last neared the $2,000 mark in August 2022.<\/p>\n

The gains came ahead of the Shanghai upgrade scheduled for April 12 \u2014 when 18 million staked ETH worth around $34 billion will be unlocked. The unlocking is expected to create selling pressure on ETH and negatively impact the price of ETH.<\/p>\n

With the gains of the past day, Bitcoin and Ethereum are up over 81% and 60% year-to-date, respectively.<\/p>\n

Solana (SOL<\/a>) recorded the highest gains over the past day, rising 9.66% over the past day to $22.22 at the time of writing. BNB (BNB<\/a>), Cardano (ADA<\/a>), and XRP (XRP<\/a>) prices climbed by 4% or more over the past 24 hours. BNB rose 4.66% to $327.49 while XRP price increased 4% to $0.52. Cardano price is up 4.32% to $0.40 at the time of writing.<\/p>\n

Dogecoin (DOGE<\/a>) and Polygon (MATIC<\/a>) saw minor gains of 1.65% and 2.66% respectively over the past day.<\/p>\n

The rise in crypto prices comes at a time when investors are awaiting key inflation data due to be released later this week. Traders are hoping to see a pause in Fed interest rate hikes, which could further boost crypto prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) soared past the $30,000 mark on April 11 \u2014 reaching its highest point since June 2022. At the time of writing, BTC was trading at $30,073 while its market cap reached $581.7 billion, according to CryptoSlate data. Bitcoin is up 6% over the past 24 hours and 7.41% over the past week. 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