Crypto market livens up as MicroStrategy says it wants more Bitcoin

The global crypto market cap is $2.17 trillion with a 24-hour volume of $143.38 billion. The price of Bitcoin is $56,329.15 and the BTC dominance is at 48.7%.

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by Liam Frost

Prices of Bitcoin (BTC) and other major cryptocurrencies swiftly began to pick up steam today after a week of uncertainty, potentially boosted by MicroStrategy announcing its plans to continue buying BTC.

According to crypto metrics platform CoinGecko, Bitcoin is currently trading at over $57,000, up roughly 7% on the day. Ethereum (ETH), the second-largest crypto by its market capitalization, fares slightly worse—the token hovers in a price corridor around $2,745, although still up 13.4% over the week.

Meanwhile, Binance Coin (BNB) has entrenched above $600 for the time being, up 2.8% on the day and 18.6% on the week. Ripple’s XRP, despite the ongoing legal battle with the Securities and Exchange Commission, similarly surged in price by roughly 17% today and reached up to $1.65.

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