After the start of October for cryptocurrencies, Bitcoin calmed down and its volatility decreased, currently hovering near the $48,000 level.

The calmness of Bitcoin did not negatively affect the rest of the alternative digital currencies, but some of them continued to rise and achieve new records.

The price of the digital currency Solana increased by 8% and the price of the digital currency LUNA jumped to a new all-time high after a daily increase of 20%.

LUNA achieves a new price peak:

Altcoins have been on a spin in the past few days after prices dropped mid-week.

The price of Ethereum fell to $2900 after the latest decisions from China.

Read:The story of a trader who lost more than $500,000 in cryptocurrency investments

Ethereum has since recovered over $500 and is currently standing at a multi-week high of over $3,400.

Cardano slumped hard and was on the verge of crashing to less than $2.

Now, the price of ADA is approximately $2.3.

Binance Coin recovered $430 after another 4% daily increase.

There are also some obvious minor gains from Ripple, Polkadot, Dogecoin and Uniswap.

Solana resumed its bullish run recently with an 8% rally above $170.

While the digital currency LUNA is the most important gainer, it jumped by more than 20%.

Thus, LUNA hit a new all-time high just a few hours ago, above the $45 level.

Overall, the cryptocurrency market cap is close to $2.13 trillion.

As such, volume has increased by nearly $300 billion since its low on Friday.

Bitcoin and its calm at the level of 48 thousand dollars:

The major cryptocurrency has already led the recovery session since Thursday.

Bitcoin price fell below $41,000 for the third time in just one week.

Then the situation changed after promising news from the USA.

Read:Visa Acquires RippleNet Partners for $950 Million… What Impact Will This Have on the XRP Price?

Once Federal Reserve Chairman Jerome Powell said the world’s largest country by nominal GDP had no intention of following China’s path and banning cryptocurrencies, bitcoin began to climb rapidly.

Bitcoin recovered $43,000 on the same day of the release, and continued to chart new weekly highs above $45,000 and $47,000.

Bitcoin price rose above $48000 yesterday and you are trying to break it also this morning.

Currently, reach The market capitalization of Bitcoin is just over $900 billion.

Read also:

The download rate of the “Robinhood” and “Binance” application on the app stores has decreased… what does it mean?

Singapore gives green light to two cryptocurrency exchanges to offer their services