After a few days of trading below the $40,000 level, Bitcoin has started to rise and is trading above it.

Currently the majority of cryptocurrencies are in the green, with the UNI cryptocurrency up more than 9% in the last 24 hours.

Cryptocurrencies as a whole have added more than $100 billion to their total market capitalization since yesterday’s low.

Bitcoin regains the level of 40 thousand dollars:

The start of the week was not good for the big cryptocurrencies, which were gradually declining and their price was falling.

Bitcoin dropped to $37,200 yesterday, August 5, which is now a weekly low.

Read:Italian club Fiorentina adopts IOTA blockchain to fight fake shirts

But since then the situation has changed, with the Bitcoin index turning green and the currency recording a 6% gain in the last 24 hours.

The biggest cryptocurrency exploded, broke the $40,000 level, and rose to $40,400.

After adding more than $4,000 in value in a few hours, Bitcoin has bounced slightly and is currently oscillating at the $40,500 level.

However, Bitcoin is still up more than 5% on the day, and its market capitalization has risen to over $760 billion.

Additionally, Bitcoin’s dominance in the market has increased, by almost 1% in a single day to 46%.

Ethereum approaches $2800:

As mentioned above, the index of most altcoins has gone green in the last 24 hours, led by Bitcoin and Ethereum.

Ethereum has completed a long-awaited upgrade that will allow the number of Ethereum to be reduced by burning a portion of the fee rather than giving it to miners.

Before the update, the Ethereum coin was trading at $2,500, after which the price of the coin jumped, and it is currently trading at $2,750.

The price of Ethereum on some trading platforms reached the level of 2850 dollars.

Read:Binance is the leading trading platform in terms of monthly trading volume

Read:Founder of one of the largest bitcoin mixers arrested for laundering $336 million in bitcoin

The digital currency “THETA” achieved its largest rise among the top 100 digital currencies with an increase of 18%, bringing the percentage back to 10% at the time of publication of the article.

Overall, the total market capitalization of all cryptocurrencies has increased by nearly $100 billion since yesterday’s low, reaching nearly $1.7 trillion.

Read also:

US SEC Chairman: Bitcoin and Other Cryptocurrencies Are Speculative Assets

Coinbase acquires Zabo…Details here