Bitcoin (BTC) Approaches a Potential Uptrend, Altcoin Market Shows a Sign of Recovery with ETH and XMR Spiking Over 5% in the Past Day

After hitting the low near $2,100 on leading crypto exchanges last Sunday, ETH has now surged above $2,800 in an attempt to reaccumulate in the $3,000 range.

Bitcoin price showed little change on Monday morning as it approached a potential uptrend, while ETH and XMR spiked over 5% in the past day.

Bitcoin was trading at $21,905.13 early on Monday, up 0.03% in the past 24 hours and 1.33% down over the past seven days. The world’s largest cryptocurrency by market capital hit a low of $21,804.03 and a high of $22,023.06 in the past 24 hours.

As Bitcoin approached a potential uptrend, altcoin prices showed some recovery on Monday morning. The global crypto market cap today stands at $3.23 trillion with a 24 hour trading volume of $119.54 billion.

ETH price showed a 5.18% increase over the past 24 hours, trading at $2,820.93 early on Monday. In the past seven days, ETH has risen 6.04%.

The second largest cryptocurrency by market capital hit a low of $2,764.2 and a high of $2,848.91 in the past 24 hours.

After hitting the low near $2,100 on leading crypto exchanges last Sunday, ETH has now surged above $2,800 in an attempt to reaccumulate in the $3,000 range.

The pump in ETH price has followed an announcement late on Sunday citing confirmation from Elon Musk on putting the U.S. Treasury in the Ethereum blockchain network.

The announcement from an account on the messaging platform Telegram had it that Musk confirmed the development in a meeting with U.S. officials last week. The officials were reportedly discussing ways to reduce the national debt, and Musk is said to have suggested using the Ethereum blockchain to track all government spending.

However, no official confirmation on the development was available at press time.

Meanwhile, XMR price also surged 4.25% in the past 24 hours, highest among major altcoins. The crypto asset was trading at $184.88 early on Monday.

Besides ETH, XMR has also caught attention from investors with the crypto assets surging 6% in a day, highest among major altcoins. Monero hit a low of $180.04 and a high of $186.23 in the past 24 hours.

The FTX token (FTT) also pumped over 7% in hours after FTX Recovery Trust’s announcement of distributing funds to creditors with claims below $50,000.

TRUMP price has also started to accelerate once again with it jumping 9% and trying to surge past $20 – as per Coinmarketcap data.

Trending Crypto Today

Official Trump (TRUMP). Trump (TRUMP) price today is $0.14407 with a 24 hour trading volume. Official Trump has risen 9.14% in the past 24 hours.

Terra (LUNA). LUNA price today is $0.000248 with a 24 hour trading volume. Terra has risen 12.68% in the past 24 hours.

Virtuals Protocol (VIRTUAL). VIRTUAL price today is $0.00024 with a 24 hour trading volume. Virtuals Protocol has risen 10.94% in the past 24 hours.

Enjin Coin (ENJ). ENJ price today is $0.28441 with a 24 hour trading volume. Enjin Coin has risen 7.41% in the past 24 hours.

STP (STPT) price today is $0.000325 with a 24 hour trading volume. STP has risen 6.73% in the past 24 hours.

Top Daily Gainers

TRUMP (Official Trump): +9.14%

FTT (FTX Token): +7.46%

LDO (Lido DAO): +6.16%

LTC (Litecoin): +4.80%

XMR (Monero): +4.25%