Bitcoin Remained at $42000 and Monero Reached a Three-Month High After Soaring 8%

Written by C, Fiona

Last updated: 2022-04-11

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Bitcoin and most Altcoins marked a slight rise in the day after yesterday’s bloody battle, with XMR rising the most.

After falling to an all-time high of about $42000 in January 2021, bitcoin maintained this level after a relatively static trading day. Today’s alternative currency is also atypical calm, monero is a few exceptions, and XMR has conquered a three-month high.

Bitcoin Remained Above $42000

Arguably, the main cryptocurrency has seen better days as it tried to jump above $47000 earlier this week. However, when the bear market returned to the scene and pushed the asset south, it failed twice.

As reported this week, BTC first fell to $45000 and then fell again to $43000. After rebounding and increasing by $1000, bitcoin began to plummet again yesterday and fell to a 17 day low, just above $42000.

Since then, the cryptocurrency has regained some traction and was close to $43000 a few hours ago. It has not yet broken through the line and is now hundreds of dollars lower. Nevertheless, its market value is still higher than the enviable $800 billion level.

XMR Leads the Trend

Alternative currencies suffered as much yesterday as bitcoin, but most have calmed down and rose slightly today. Ethereum fell $300 to $3200 during the day, but remained above that line after a slight rise.

Binance coin, ripple, Solana, Terra, Cardano and Polkadot are also slightly green. Dogecoin and Shiba Inu, the two largest memecoins by market value, jumped more than 3% in one day to $0.15 and $0.000025, respectively.

Cardano and near protocol are the only two tokens with large market value, with little decline.Monero stole the limelight of medium market value altcoins with an increase of 8%. As a result, XMR jumped to its highest price line of $240 since early January.In less than a week, the market value of cryptocurrency has decreased by $200 billion, still below the level of $2 trillion.